Physician Wealth Advisors Inc. Boosts Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Physician Wealth Advisors Inc. lifted its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 184.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,352 shares of the company’s stock after purchasing an additional 87,828 shares during the period. iShares S&P 500 Growth ETF accounts for approximately 2.3% of Physician Wealth Advisors Inc.’s holdings, making the stock its 10th largest holding. Physician Wealth Advisors Inc.’s holdings in iShares S&P 500 Growth ETF were worth $11,152,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Connections Group Inc. acquired a new stake in iShares S&P 500 Growth ETF during the 4th quarter worth $28,000. Goodwin Investment Advisory acquired a new stake in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at about $29,000. Life Planning Partners Inc acquired a new stake in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at about $32,000. Northwest Financial Advisors acquired a new stake in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at about $38,000. Finally, Ruedi Wealth Management Inc. raised its stake in shares of iShares S&P 500 Growth ETF by 1,361.4% in the 4th quarter. Ruedi Wealth Management Inc. now owns 643 shares of the company’s stock valued at $48,000 after purchasing an additional 599 shares during the period.

iShares S&P 500 Growth ETF Price Performance

Shares of IVW traded down $0.71 during midday trading on Friday, hitting $92.54. The stock had a trading volume of 1,918,465 shares, compared to its average volume of 3,389,791. The company has a 50 day simple moving average of $87.28 and a two-hundred day simple moving average of $82.55. iShares S&P 500 Growth ETF has a twelve month low of $65.53 and a twelve month high of $94.17. The firm has a market cap of $48.48 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14.

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.