First Foundation Advisors Acquires 2,585 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

First Foundation Advisors grew its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 22.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,853 shares of the company’s stock after acquiring an additional 2,585 shares during the period. First Foundation Advisors’ holdings in iShares S&P 500 Growth ETF were worth $1,170,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IVW. Financial Connections Group Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF in the fourth quarter worth $28,000. Goodwin Investment Advisory purchased a new stake in shares of iShares S&P 500 Growth ETF in the fourth quarter worth $29,000. CarsonAllaria Wealth Management Ltd. increased its stake in shares of iShares S&P 500 Growth ETF by 45.5% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 400 shares of the company’s stock worth $34,000 after purchasing an additional 125 shares in the last quarter. Life Planning Partners Inc purchased a new stake in shares of iShares S&P 500 Growth ETF in the fourth quarter worth $32,000. Finally, Northwest Financial Advisors purchased a new stake in shares of iShares S&P 500 Growth ETF in the fourth quarter worth $38,000.

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA IVW traded down $0.63 during midday trading on Friday, reaching $92.08. The stock had a trading volume of 1,933,991 shares, compared to its average volume of 3,301,550. The stock has a 50-day moving average of $90.96 and a 200-day moving average of $84.64. The company has a market capitalization of $48.24 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 12-month low of $65.53 and a 12-month high of $97.22.

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.