Sofi Wealth LLC Has $254.40 Million Stock Holdings in iShares S&P 500 Growth ETF $IVW

Sofi Wealth LLC boosted its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 6.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,249,169 shares of the company’s stock after buying an additional 145,081 shares during the period. iShares S&P 500 Growth ETF comprises 12.3% of Sofi Wealth LLC’s portfolio, making the stock its largest holding. Sofi Wealth LLC owned approximately 0.42% of iShares S&P 500 Growth ETF worth $254,403,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Strive Financial Group LLC bought a new position in shares of iShares S&P 500 Growth ETF during the 4th quarter worth about $26,000. Decker Retirement Planning Inc. bought a new stake in iShares S&P 500 Growth ETF in the fourth quarter valued at about $28,000. Financial Network Wealth Advisors LLC raised its position in iShares S&P 500 Growth ETF by 174.4% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after purchasing an additional 143 shares in the last quarter. Turning Point Benefit Group Inc. bought a new position in iShares S&P 500 Growth ETF during the third quarter worth about $28,000. Finally, Entrust Financial LLC bought a new position in iShares S&P 500 Growth ETF during the fourth quarter worth about $33,000.

iShares S&P 500 Growth ETF Trading Down 1.7%

NYSEARCA IVW opened at $136.26 on Friday. iShares S&P 500 Growth ETF has a 1-year low of $108.13 and a 1-year high of $141.98. The company has a market capitalization of $74.22 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. The stock’s 50 day moving average is $136.71 and its two-hundred day moving average is $126.99.

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. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.