SVB Wealth LLC Increases Holdings in iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) by 74.8%

SVB Wealth LLC has significantly increased its holdings in iShares Core S&P U.S. Growth ETF, according to the latest Form 13F filing with the SEC. The firm acquired an additional 4,053 shares, bringing their total holdings to 9,473 shares valued at $986,000. This marks a 74.8% increase in their investment in the ETF.

Other hedge funds and institutional investors have also made changes to their positions in IUSG. Geneos Wealth Management Inc., Sigma Planning Corp, XML Financial LLC, Oarsman Capital Inc., and Investors Research Corp have all increased their positions in the ETF by acquiring additional shares.

Despite these investments, iShares Core S&P U.S. Growth ETF is currently trading down 2.1%. The stock opened at $109.98 on Friday and has a 50-day moving average price of $115.04. The company recently announced a quarterly dividend of $0.1667 per share, representing a dividend yield of 0.61%.

The iShares Core S&P U.S. Growth ETF is an exchange-traded fund based on the S&P 900 Growth index, tracking US large- and mid-cap growth stocks. Managed by BlackRock, the fund selects stocks based on fundamental growth factors. Investors can stay updated on hedge fund holdings and insider trades for IUSG by visiting HoldingsChannel.com.

Overall, the increase in holdings by SVB Wealth LLC and other institutional investors reflects confidence in the long-term growth potential of iShares Core S&P U.S. Growth ETF. Investors can subscribe to MarketBeat.com’s daily email newsletter for the latest news and analyst ratings on the ETF.