Merit Financial Group LLC Acquires 39,493 Shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG)

Merit Financial Group LLC increased its holdings in shares of iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 523,864 shares of the company’s stock after purchasing an additional 39,493 shares during the quarter. iShares Core S&P U.S. Growth ETF accounts for 1.3% of Merit Financial Group LLC’s portfolio, making the stock its 16th biggest holding. Merit Financial Group LLC’s holdings in iShares Core S&P U.S. Growth ETF were worth $73,000,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Hershey Financial Advisers LLC bought a new stake in iShares Core S&P U.S. Growth ETF in the 2nd quarter worth approximately $25,000. Venturi Wealth Management LLC grew its holdings in shares of iShares Core S&P U.S. Growth ETF by 460.0% in the third quarter. Venturi Wealth Management LLC now owns 252 shares of the company’s stock worth $33,000 after acquiring an additional 207 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new stake in iShares Core S&P U.S. Growth ETF during the third quarter valued at $37,000. Global Wealth Strategies & Associates lifted its holdings in iShares Core S&P U.S. Growth ETF by 113.3% in the fourth quarter. Global Wealth Strategies & Associates now owns 320 shares of the company’s stock valued at $45,000 after acquiring an additional 170 shares during the period. Finally, Fairscale Capital LLC purchased a new position in iShares Core S&P U.S. Growth ETF in the second quarter worth about $66,000.

iShares Core S&P U.S. Growth ETF Stock Up 1.3 %

iShares Core S&P U.S. Growth ETF stock opened at $142.60 on Friday. The business has a 50-day simple moving average of $140.41 and a two-hundred day simple moving average of $133.06. iShares Core S&P U.S. Growth ETF has a 52-week low of $104.61 and a 52-week high of $145.11. The company has a market cap of $21.54 billion, a P/E ratio of 27.75 and a beta of 1.06.

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

The firm also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.254 per share. This is a boost 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.

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.