Sofi Wealth LLC Has $254.40 Million Stake in iShares S&P 500 Growth ETF $IVW

Sofi Wealth LLC increased its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 6.9% in the first quarter, Holdings Channel.com reports. The firm owned 2,249,169 shares of the company’s stock after acquiring an additional 145,081 shares during the period. iShares S&P 500 Growth ETF comprises approximately 12.3% of Sofi Wealth LLC’s portfolio, making the stock its largest holding. Sofi Wealth LLC’s holdings in iShares S&P 500 Growth ETF were worth $254,403,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IVW. Strive Financial Group LLC bought a new position in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new stake in shares of iShares S&P 500 Growth ETF during the fourth quarter worth approximately $28,000. Financial Network Wealth Advisors LLC lifted its holdings in iShares S&P 500 Growth ETF by 174.4% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after buying an additional 143 shares during the period. Turning Point Benefit Group Inc. bought a new position in iShares S&P 500 Growth ETF in the third quarter valued at approximately $28,000. Finally, Darwin Wealth Management LLC bought a new position in iShares S&P 500 Growth ETF in the second quarter valued at approximately $30,000.

iShares S&P 500 Growth ETF Stock Down 1.7%

NYSEARCA:IVW opened at $136.26 on Friday. The stock’s fifty day simple moving average is $136.71 and its 200-day simple moving average is $126.99. The firm has a market capitalization of $74.22 billion, a P/E ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a 12-month low of $108.13 and a 12-month high of $141.98.

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.