4,632 Shares in iShares S&P 500 Growth ETF $IVW Acquired by Drive Wealth Management LLC

Drive Wealth Management LLC bought a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the second quarter, HoldingsChannel reports. The institutional investor bought 4,632 shares of the company’s stock, valued at approximately $510,000.

Several other hedge funds also recently bought and sold shares of IVW. Schnieders Capital Management LLC acquired a new position in shares of iShares S&P 500 Growth ETF in the second quarter worth $600,000. Crewe Advisors LLC increased its position in iShares S&P 500 Growth ETF by 58.7% during the 2nd quarter. Crewe Advisors LLC now owns 5,414 shares of the company’s stock worth $596,000 after purchasing an additional 2,003 shares in the last quarter. Northeast Investment Management purchased a new position in iShares S&P 500 Growth ETF in the 2nd quarter valued at about $221,000. Calamos Wealth Management LLC lifted its holdings in iShares S&P 500 Growth ETF by 0.7% in the 2nd quarter. Calamos Wealth Management LLC now owns 1,082,937 shares of the company’s stock valued at $119,231,000 after purchasing an additional 7,239 shares in the last quarter. Finally, Forvis Mazars Wealth Advisors LLC boosted its stake in shares of iShares S&P 500 Growth ETF by 0.4% during the 2nd quarter. Forvis Mazars Wealth Advisors LLC now owns 275,590 shares of the company’s stock worth $30,342,000 after purchasing an additional 1,134 shares during the last quarter.

iShares S&P 500 Growth ETF Price Performance

Shares of NYSEARCA IVW opened at $121.42 on Tuesday. The company has a 50-day simple moving average of $118.19 and a 200-day simple moving average of $108.56. The company has a market cap of $66.03 billion, a PE ratio of 33.33 and a beta of 1.05. iShares S&P 500 Growth ETF has a 12 month low of $79.31 and a 12 month high of $122.66.

iShares S&P 500 Growth ETF Company Profile

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.