RMG Wealth Management LLC bought a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,275 shares of the company’s stock, valued at approximately $710,000. iShares S&P 500 Growth ETF makes up 0.1% of RMG Wealth Management LLC’s holdings, making the stock its 27th biggest position.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley grew its stake in iShares S&P 500 Growth ETF by 0.6% during the 4th quarter. Morgan Stanley now owns 33,646,152 shares of the company’s stock worth $4,147,225,000 after purchasing an additional 186,391 shares in the last quarter. LPL Financial LLC raised its position in iShares S&P 500 Growth ETF by 1.8% in the 4th quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock valued at $2,442,579,000 after purchasing an additional 357,495 shares in the last quarter. Wells Fargo & Company MN raised its position in iShares S&P 500 Growth ETF by 0.5% in the 4th quarter. Wells Fargo & Company MN now owns 15,021,156 shares of the company’s stock valued at $1,851,508,000 after purchasing an additional 80,216 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of iShares S&P 500 Growth ETF by 5.4% in the 1st quarter. Cetera Investment Advisers now owns 4,754,617 shares of the company’s stock valued at $537,795,000 after buying an additional 245,310 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in shares of iShares S&P 500 Growth ETF by 1.1% in the 4th quarter. Raymond James Financial Inc. now owns 4,354,800 shares of the company’s stock valued at $536,773,000 after buying an additional 45,738 shares during the period.
iShares S&P 500 Growth ETF Stock Performance
Shares of iShares S&P 500 Growth ETF stock opened at $133.59 on Friday. iShares S&P 500 Growth ETF has a one year low of $108.13 and a one year high of $141.98. The company has a market cap of $72.85 billion, a PE ratio of 33.33 and a beta of 1.17. The business has a 50-day simple moving average of $136.53 and a 200-day simple moving average of $127.39.
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. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.
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