hemming& Wealth Management Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 183,577 shares of the company’s stock, valued at approximately $22,628,000. iShares S&P 500 Growth ETF accounts for 15.5% of hemming& Wealth Management Inc.’s holdings, making the stock its 2nd largest position.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Strive Financial Group LLC bought a new position in shares of iShares S&P 500 Growth ETF in the fourth quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new stake in iShares S&P 500 Growth ETF during the 4th quarter worth approximately $28,000. Financial Network Wealth Advisors LLC increased its holdings in iShares S&P 500 Growth ETF by 174.4% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after acquiring an additional 143 shares during the period. Turning Point Benefit Group Inc. purchased a new stake in iShares S&P 500 Growth ETF in the 3rd quarter worth approximately $28,000. Finally, Darwin Wealth Management LLC purchased a new stake in iShares S&P 500 Growth ETF in the 2nd quarter worth approximately $30,000.
iShares S&P 500 Growth ETF Price Performance
Shares of NYSEARCA:IVW opened at $137.96 on Friday. The firm has a fifty day moving average price of $133.56 and a two-hundred day moving average price of $125.28. The company has a market cap of $74.77 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a one year low of $104.21 and a one year high of $141.98.
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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