iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) Sees Unusually-High Trading Volume – Still a Buy?

iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) saw unusually-strong trading volume on Friday . Approximately 1,965,129 shares traded hands during mid-day trading, an increase of 210% from the previous session’s volume of 633,192 shares.The stock last traded at $129.90 and had previously closed at $126.86.

iShares Core S&P U.S. Growth ETF Stock Up 2.4 %

The company has a market cap of $19.59 billion, a price-to-earnings ratio of 29.39 and a beta of 1.06. The business has a fifty day simple moving average of $140.52 and a 200 day simple moving average of $136.79.

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

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IUSG. Wood Tarver Financial Group LLC purchased a new position in iShares Core S&P U.S. Growth ETF during the 4th quarter valued at about $36,000. Brooklyn FI LLC acquired a new stake in iShares Core S&P U.S. Growth ETF during the 4th quarter valued at $238,000. Carolinas Wealth Consulting LLC increased its position in iShares Core S&P U.S. Growth ETF by 3.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 5,527 shares of the company’s stock worth $770,000 after buying an additional 159 shares in the last quarter. Integrated Advisors Network LLC increased its position in iShares Core S&P U.S. Growth ETF by 44.4% during the fourth quarter. Integrated Advisors Network LLC now owns 25,197 shares of the company’s stock worth $3,511,000 after buying an additional 7,743 shares in the last quarter. Finally, Ameriflex Group Inc. purchased a new stake in shares of iShares Core S&P U.S. Growth ETF in the fourth quarter valued at $36,000.

About iShares Core S&P U.S. Growth ETF

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.