Institute for Wealth Management LLC. Boosts Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Institute for Wealth Management LLC. grew its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 11.1% during the 4th quarter, HoldingsChannel reports. The fund owned 29,557 shares of the company’s stock after acquiring an additional 2,965 shares during the quarter. Institute for Wealth Management LLC.’s holdings in iShares S&P 500 Growth ETF were worth $2,220,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Financial Connections Group Inc. purchased a new position in shares of iShares S&P 500 Growth ETF in the fourth quarter worth $28,000. Goodwin Investment Advisory purchased a new position in shares of iShares S&P 500 Growth ETF in the fourth quarter worth $29,000. Russell Investments Group Ltd. purchased a new position in shares of iShares S&P 500 Growth ETF in the second quarter worth $30,000. Life Planning Partners Inc purchased a new position in shares of iShares S&P 500 Growth ETF in the fourth quarter worth $32,000. Finally, Howe & Rusling Inc. increased its stake in shares of iShares S&P 500 Growth ETF by 1,137.2% in the third quarter. Howe & Rusling Inc. now owns 532 shares of the company’s stock worth $36,000 after buying an additional 489 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA IVW traded down $1.76 during mid-day trading on Friday, hitting $79.36. The stock had a trading volume of 3,006,840 shares, compared to its average volume of 3,690,144. iShares S&P 500 Growth ETF has a 1 year low of $63.10 and a 1 year high of $85.56. The business has a 50 day moving average price of $83.08 and a two-hundred day moving average price of $76.52. The firm has a market cap of $41.64 billion, a P/E ratio of 28.34 and a beta of 1.10.

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.