hemming& Wealth Management Inc. boosted its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) by 23.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,585 shares of the company’s stock after buying an additional 43,008 shares during the period. iShares S&P 500 Growth ETF makes up approximately 17.9% of hemming& Wealth Management Inc.’s portfolio, making the stock its 2nd biggest position. hemming& Wealth Management Inc.’s holdings in iShares S&P 500 Growth ETF were worth $25,629,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Strive Financial Group LLC acquired a new stake in iShares S&P 500 Growth ETF in the fourth quarter valued at approximately $26,000. Decker Retirement Planning Inc. acquired a new position in shares of iShares S&P 500 Growth ETF during the fourth quarter worth approximately $28,000. Financial Network Wealth Advisors LLC raised its position in shares of iShares S&P 500 Growth ETF by 174.4% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after purchasing an additional 143 shares during the period. Turning Point Benefit Group Inc. acquired a new position in shares of iShares S&P 500 Growth ETF during the third quarter worth approximately $28,000. Finally, Darwin Wealth Management LLC bought a new position in shares of iShares S&P 500 Growth ETF in the 2nd quarter worth $30,000.
iShares S&P 500 Growth ETF Trading Down 0.5%
NYSEARCA IVW opened at $136.88 on Thursday. The company has a fifty day simple moving average of $135.23 and a 200 day simple moving average of $125.92. iShares S&P 500 Growth ETF has a 12-month low of $108.13 and a 12-month high of $141.98. The company has a market cap of $74.53 billion, a P/E ratio of 33.33 and a beta of 1.17.
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. 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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