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-high trading volume on Friday . Approximately 903,034 shares were traded during mid-day trading, an increase of 46% from the previous session’s volume of 618,542 shares.The stock last traded at $127.80 and had previously closed at $130.08.

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

The firm has a market capitalization of $19.36 billion, a PE ratio of 29.58 and a beta of 1.09. The company has a 50-day moving average price of $138.58 and a 200-day moving average price of $137.10.

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

The company also recently declared a dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 18th were given a dividend of $0.1767 per share. The ex-dividend date was Tuesday, March 18th.

Hedge Funds Weigh In On iShares Core S&P U.S. Growth ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IUSG. Cerity Partners LLC boosted its position in shares of iShares Core S&P U.S. Growth ETF by 124.9% in the third quarter. Cerity Partners LLC now owns 9,014 shares of the company’s stock worth $1,189,000 after buying an additional 5,006 shares during the period. JPMorgan Chase & Co. lifted its position in shares of iShares Core S&P U.S. Growth ETF by 6.1% during the third quarter. JPMorgan Chase & Co. now owns 1,339,301 shares of the company’s stock worth $176,667,000 after purchasing an additional 76,917 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of iShares Core S&P U.S. Growth ETF by 83.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,164 shares of the company’s stock worth $1,280,000 after purchasing an additional 4,172 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of iShares Core S&P U.S. Growth ETF in the fourth quarter valued at $83,000. Finally, Orion Portfolio Solutions LLC grew its holdings in iShares Core S&P U.S. Growth ETF by 5.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 10,711 shares of the company’s stock valued at $1,413,000 after purchasing an additional 513 shares in the last quarter.

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.