AlphaStar Capital Management LLC Invests $398,000 in iShares S&P 500 Growth ETF $IVW

AlphaStar Capital Management LLC acquired a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the 2nd quarter, Holdings Channel reports. The fund acquired 3,613 shares of the company’s stock, valued at approximately $398,000.

Several other institutional investors have also modified their holdings of IVW. Envestnet Asset Management Inc. increased its holdings in shares of iShares S&P 500 Growth ETF by 5.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 48,079,544 shares of the company’s stock valued at $4,463,224,000 after acquiring an additional 2,350,072 shares during the period. LPL Financial LLC increased its holdings in shares of iShares S&P 500 Growth ETF by 5.5% in the 1st quarter. LPL Financial LLC now owns 18,929,345 shares of the company’s stock valued at $1,757,211,000 after acquiring an additional 988,955 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of iShares S&P 500 Growth ETF by 4.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,639,595 shares of the company’s stock valued at $616,354,000 after acquiring an additional 279,859 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of iShares S&P 500 Growth ETF by 4.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 3,533,251 shares of the company’s stock valued at $327,992,000 after acquiring an additional 147,169 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of iShares S&P 500 Growth ETF by 7.9% in the 1st quarter. Cetera Investment Advisers now owns 3,465,787 shares of the company’s stock valued at $321,729,000 after acquiring an additional 253,383 shares during the period.

iShares S&P 500 Growth ETF Price Performance

Shares of iShares S&P 500 Growth ETF stock opened at $124.79 on Friday. The firm’s fifty day simple moving average is $119.74 and its 200-day simple moving average is $110.77. The stock has a market capitalization of $67.75 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11. iShares S&P 500 Growth ETF has a 12 month low of $79.31 and a 12 month high of $126.61.

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.