Covenant Asset Management LLC Purchases New Holdings in iShares S&P 500 Growth ETF $IVW

Covenant Asset Management LLC acquired a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,914 shares of the company’s stock, valued at approximately $211,000.

Other institutional investors have also recently bought and sold shares of the company. Elite Financial Inc. bought a new stake in shares of iShares S&P 500 Growth ETF during the 1st quarter worth $26,000. Flaharty Asset Management LLC purchased a new stake in iShares S&P 500 Growth ETF during the first quarter worth about $26,000. Mechanics Financial Corp purchased a new stake in iShares S&P 500 Growth ETF during the first quarter worth about $27,000. Whipplewood Advisors LLC purchased a new stake in iShares S&P 500 Growth ETF during the first quarter worth about $32,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in iShares S&P 500 Growth ETF in the first quarter worth about $33,000.

iShares S&P 500 Growth ETF Stock Up 0.5%

IVW opened at $119.75 on Monday. iShares S&P 500 Growth ETF has a twelve month low of $79.31 and a twelve month high of $121.77. The company’s 50-day moving average price is $115.89 and its two-hundred day moving average price is $105.53. The stock has a market cap of $65.62 billion, a price-to-earnings ratio of 33.33 and a beta of 1.05.

About iShares S&P 500 Growth ETF

iShares S&P 500 Growth ETF, formerly iShares S&P 500 Growth Index Fund (the Growth Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 500/Citigroup Growth Index (the Growth Index). The Growth Index measures the performance of the large-capitalization growth sector of the United States equity market.