Founders Grove Wealth Partners LLC raised its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) by 7.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,064 shares of the company’s stock after purchasing an additional 8,371 shares during the period. iShares S&P 500 Growth ETF comprises about 3.1% of Founders Grove Wealth Partners LLC’s investment portfolio, making the stock its 6th largest position. Founders Grove Wealth Partners LLC’s holdings in iShares S&P 500 Growth ETF were worth $10,960,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. purchased a new position in iShares S&P 500 Growth ETF in the 4th quarter valued at about $28,000. Copia Wealth Management purchased a new position in iShares S&P 500 Growth ETF in the 4th quarter valued at about $30,000. Whipplewood Advisors LLC purchased a new position in iShares S&P 500 Growth ETF in the 1st quarter valued at about $32,000. BankPlus Trust Department purchased a new position in iShares S&P 500 Growth ETF in the 4th quarter valued at about $36,000. Finally, Bellevue Asset Management LLC purchased a new position in iShares S&P 500 Growth ETF in the 4th quarter valued at about $42,000.
iShares S&P 500 Growth ETF Trading Up 0.4%
NYSEARCA:IVW opened at $106.41 on Friday. iShares S&P 500 Growth ETF has a 12-month low of $79.31 and a 12-month high of $107.14. The company’s 50-day moving average is $97.61 and its two-hundred day moving average is $99.78. The firm has a market cap of $57.39 billion, a price-to-earnings ratio of 29.66 and a beta of 1.12.
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.
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