ADG Wealth Management Group LLC Purchases Shares of 208,685 iShares S&P 500 Growth ETF (NYSEARCA:IVW)

ADG Wealth Management Group LLC bought a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 208,685 shares of the company’s stock, valued at approximately $21,188,000. iShares S&P 500 Growth ETF makes up 18.8% of ADG Wealth Management Group LLC’s investment portfolio, making the stock its largest holding.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Strategic Financial Concepts LLC grew its position in shares of iShares S&P 500 Growth ETF by 10,066.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 425,892 shares of the company’s stock worth $479,000 after purchasing an additional 421,703 shares in the last quarter. Advyzon Investment Management LLC acquired a new position in shares of iShares S&P 500 Growth ETF during the 4th quarter worth approximately $420,000. River Street Advisors LLC boosted its position in shares of iShares S&P 500 Growth ETF by 17.5% during the 3rd quarter. River Street Advisors LLC now owns 9,981 shares of the company’s stock worth $956,000 after acquiring an additional 1,483 shares in the last quarter. Encompass Wealth Advisors LLC boosted its position in shares of iShares S&P 500 Growth ETF by 2.0% during the 4th quarter. Encompass Wealth Advisors LLC now owns 367,564 shares of the company’s stock worth $37,319,000 after acquiring an additional 7,349 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its position in shares of iShares S&P 500 Growth ETF by 3.9% during the 4th quarter. Perigon Wealth Management LLC now owns 104,980 shares of the company’s stock worth $10,760,000 after acquiring an additional 3,942 shares in the last quarter.

iShares S&P 500 Growth ETF Trading Up 1.8 %

NYSEARCA IVW opened at $101.17 on Friday. The firm has a market capitalization of $56.45 billion, a price-to-earnings ratio of 33.87 and a beta of 1.07. The firm’s 50 day simple moving average is $103.83 and its 200 day simple moving average is $99.34. iShares S&P 500 Growth ETF has a 1 year low of $79.07 and a 1 year high of $107.14.

iShares S&P 500 Growth ETF 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.