Alterna Wealth Management Inc. Buys 3,477 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Alterna Wealth Management Inc. increased its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 37.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,758 shares of the company’s stock after purchasing an additional 3,477 shares during the quarter. iShares S&P 500 Growth ETF comprises about 1.2% of Alterna Wealth Management Inc.’s holdings, making the stock its 25th largest position. Alterna Wealth Management Inc.’s holdings in iShares S&P 500 Growth ETF were worth $958,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Connections Group Inc. purchased a new position in iShares S&P 500 Growth ETF during the 4th quarter valued at about $28,000. Goodwin Investment Advisory purchased a new position in iShares S&P 500 Growth ETF during the fourth quarter valued at approximately $29,000. Life Planning Partners Inc purchased a new position in iShares S&P 500 Growth ETF during the fourth quarter valued at approximately $32,000. Howe & Rusling Inc. increased its holdings in iShares S&P 500 Growth ETF by 1,137.2% during the 3rd quarter. Howe & Rusling Inc. now owns 532 shares of the company’s stock worth $36,000 after acquiring an additional 489 shares during the period. Finally, Capital Investment Counsel Inc purchased a new stake in iShares S&P 500 Growth ETF in the 3rd quarter worth approximately $42,000.

iShares S&P 500 Growth ETF Trading Up 1.9 %

Shares of IVW traded up $1.52 during mid-day trading on Friday, reaching $83.37. 2,580,985 shares of the stock traded hands, compared to its average volume of 3,509,656. The company has a market cap of $43.54 billion, a price-to-earnings ratio of 27.41 and a beta of 1.12. iShares S&P 500 Growth ETF has a 1 year low of $63.19 and a 1 year high of $85.56. The firm has a fifty day moving average price of $83.10 and a 200 day moving average price of $77.44.

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.