iShares S&P 500 Growth ETF (NYSEARCA:IVW) is Wealth Alliance’s 3rd Largest Position

Wealth Alliance boosted its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 44.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,863 shares of the company’s stock after buying an additional 79,975 shares during the quarter. iShares S&P 500 Growth ETF makes up approximately 3.1% of Wealth Alliance’s portfolio, making the stock its 3rd biggest position. Wealth Alliance’s holdings in iShares S&P 500 Growth ETF were worth $24,048,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of IVW. CarsonAllaria Wealth Management Ltd. boosted its stake in shares of iShares S&P 500 Growth ETF by 45.5% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 400 shares of the company’s stock valued at $34,000 after purchasing an additional 125 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF during the second quarter valued at approximately $34,000. Financial Connections Group Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF during the second quarter valued at approximately $35,000. GPS Wealth Strategies Group LLC boosted its stake in shares of iShares S&P 500 Growth ETF by 91.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 417 shares of the company’s stock valued at $39,000 after purchasing an additional 199 shares during the period. Finally, Avondale Wealth Management boosted its stake in shares of iShares S&P 500 Growth ETF by 56.1% during the second quarter. Avondale Wealth Management now owns 434 shares of the company’s stock valued at $40,000 after purchasing an additional 156 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA:IVW opened at $93.14 on Wednesday. The firm has a market cap of $48.80 billion, a PE ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a fifty-two week low of $65.53 and a fifty-two week high of $97.22. The business has a 50 day moving average price of $91.52 and a 200-day moving average price of $88.24.

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.