Kovack Advisors Inc. Increases Position in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG)

Kovack Advisors Inc. grew its holdings in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 35.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,871 shares of the company’s stock after buying an additional 3,388 shares during the period. Kovack Advisors Inc.’s holdings in iShares Core S&P U.S. Growth ETF were worth $1,794,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in IUSG. Traynor Capital Management Inc. raised its holdings in shares of iShares Core S&P U.S. Growth ETF by 9.3% in the third quarter. Traynor Capital Management Inc. now owns 2,542 shares of the company’s stock valued at $335,000 after buying an additional 217 shares during the last quarter. Diversify Advisory Services LLC raised its holdings in shares of iShares Core S&P U.S. Growth ETF by 8.0% in the third quarter. Diversify Advisory Services LLC now owns 5,530 shares of the company’s stock valued at $745,000 after buying an additional 408 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of iShares Core S&P U.S. Growth ETF by 9.6% in the third quarter. First Trust Direct Indexing L.P. now owns 2,477 shares of the company’s stock valued at $327,000 after buying an additional 217 shares during the last quarter. Diversify Wealth Management LLC purchased a new stake in shares of iShares Core S&P U.S. Growth ETF in the third quarter valued at about $233,000. Finally, Boyd Wealth Management LLC raised its holdings in shares of iShares Core S&P U.S. Growth ETF by 15.6% in the third quarter. Boyd Wealth Management LLC now owns 2,832 shares of the company’s stock valued at $374,000 after buying an additional 383 shares during the last quarter.

iShares Core S&P U.S. Growth ETF Stock Up 0.5 %

NASDAQ IUSG opened at $139.74 on Thursday. The stock has a market capitalization of $21.07 billion, a P/E ratio of 32.99 and a beta of 1.06. iShares Core S&P U.S. Growth ETF has a 52-week low of $109.63 and a 52-week high of $146.99. The firm has a 50-day moving average price of $142.54 and a 200 day moving average price of $136.46.

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

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

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