Valmark Advisers Inc. Has $7.11 Million Position in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG)

Valmark Advisers Inc. raised its position in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 34.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,739 shares of the company’s stock after purchasing an additional 14,225 shares during the quarter. Valmark Advisers Inc.’s holdings in iShares Core S&P U.S. Growth ETF were worth $7,106,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in shares of iShares Core S&P U.S. Growth ETF in the 4th quarter valued at $31,000. Tidemark LLC acquired a new stake in iShares Core S&P U.S. Growth ETF in the 4th quarter worth approximately $33,000. LRI Investments LLC bought a new stake in iShares Core S&P U.S. Growth ETF during the first quarter worth approximately $34,000. Atlanta Consulting Group Advisors LLC bought a new position in shares of iShares Core S&P U.S. Growth ETF in the first quarter valued at approximately $35,000. Finally, Clean Yield Group acquired a new stake in shares of iShares Core S&P U.S. Growth ETF in the second quarter worth $36,000.

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

NASDAQ:IUSG traded up $1.31 during midday trading on Friday, reaching $128.35. The stock had a trading volume of 237,288 shares, compared to its average volume of 436,231. The stock has a market capitalization of $19.09 billion, a P/E ratio of 27.75 and a beta of 1.06. iShares Core S&P U.S. Growth ETF has a 1-year low of $90.71 and a 1-year high of $133.65. The firm’s fifty day simple moving average is $126.96 and its 200-day simple moving average is $120.79.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were paid a $0.1445 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.45%.

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.