PMG Wealth Management Inc. Purchases Shares of 5,023 iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG)

PMG Wealth Management Inc. acquired a new stake in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) in the fourth quarter, Holdings Channel.com reports. The firm acquired 5,023 shares of the company’s stock, valued at approximately $700,000. iShares Core S&P U.S. Growth ETF makes up about 0.6% of PMG Wealth Management Inc.’s portfolio, making the stock its 25th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC raised its position in iShares Core S&P U.S. Growth ETF by 460.0% during the third quarter. Venturi Wealth Management LLC now owns 252 shares of the company’s stock valued at $33,000 after acquiring an additional 207 shares in the last quarter. Mogy Joel R Investment Counsel Inc. grew its stake in shares of iShares Core S&P U.S. Growth ETF by 316.7% during the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 250 shares of the company’s stock worth $35,000 after purchasing an additional 190 shares during the period. Stonebridge Financial Group LLC purchased a new position in shares of iShares Core S&P U.S. Growth ETF during the 4th quarter valued at approximately $42,000. Global Wealth Strategies & Associates lifted its stake in shares of iShares Core S&P U.S. Growth ETF by 113.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 320 shares of the company’s stock valued at $45,000 after purchasing an additional 170 shares during the period. Finally, Hoese & Co LLP acquired a new position in shares of iShares Core S&P U.S. Growth ETF in the 4th quarter valued at $46,000.

iShares Core S&P U.S. Growth ETF Stock Performance

IUSG stock opened at $141.77 on Friday. iShares Core S&P U.S. Growth ETF has a one year low of $109.63 and a one year high of $146.99. The firm’s fifty day moving average is $142.73 and its 200 day moving average is $135.91. The firm has a market cap of $21.38 billion, a PE ratio of 32.99 and a beta of 1.06.

iShares Core S&P U.S. Growth ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were paid a $0.254 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This is a positive change from iShares Core S&P U.S. Growth ETF’s previous dividend of $0.25.

iShares Core S&P U.S. Growth ETF Company Profile

The iShares Core S&P U.S. Growth ETF (IUSG) is an exchange-traded fund that is based on the S&P 900 Growth index. The fund tracks an index of US large- and mid-cap growth stocks. The index selects from stocks ranked 1-3000 by market cap based on fundamental growth factors. IUSG was launched on Jul 24, 2000 and is managed by BlackRock.