Sharp Financial Services LLC lifted its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) by 11.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 228,223 shares of the company’s stock after acquiring an additional 23,728 shares during the period. iShares S&P 500 Growth ETF makes up approximately 16.2% of Sharp Financial Services LLC’s investment portfolio, making the stock its 2nd largest position. Sharp Financial Services LLC’s holdings in iShares S&P 500 Growth ETF were worth $25,127,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Elite Financial Inc. bought a new position in shares of iShares S&P 500 Growth ETF in the first quarter worth about $26,000. Flaharty Asset Management LLC bought a new position in iShares S&P 500 Growth ETF in the 1st quarter valued at approximately $26,000. Mechanics Financial Corp bought a new position in iShares S&P 500 Growth ETF during the 1st quarter worth approximately $27,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in iShares S&P 500 Growth ETF during the 1st quarter worth approximately $33,000. Finally, Cloud Capital Management LLC bought a new position in iShares S&P 500 Growth ETF during the 1st quarter worth approximately $36,000.
iShares S&P 500 Growth ETF Stock Down 3.1%
Shares of IVW stock opened at $118.29 on Friday. The company has a market cap of $64.41 billion, a price-to-earnings ratio of 33.33 and a beta of 1.05. iShares S&P 500 Growth ETF has a 52 week low of $79.31 and a 52 week high of $122.66. The firm has a 50 day moving average of $117.43 and a 200-day moving average of $107.24.
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.
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