Marcum Wealth LLC Grows Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Marcum Wealth LLC boosted its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 32.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,214 shares of the company’s stock after purchasing an additional 1,284 shares during the quarter. Marcum Wealth LLC’s holdings in iShares S&P 500 Growth ETF were worth $483,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in shares of iShares S&P 500 Growth ETF by 1.5% during the first quarter. JPMorgan Chase & Co. now owns 46,660,015 shares of the company’s stock worth $3,939,972,000 after purchasing an additional 709,113 shares during the last quarter. Stifel Financial Corp grew its holdings in iShares S&P 500 Growth ETF by 0.8% in the 4th quarter. Stifel Financial Corp now owns 6,968,324 shares of the company’s stock valued at $523,327,000 after buying an additional 58,292 shares during the period. CWM LLC grew its holdings in iShares S&P 500 Growth ETF by 57.0% in the 1st quarter. CWM LLC now owns 4,419,212 shares of the company’s stock valued at $373,158,000 after buying an additional 1,604,659 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of iShares S&P 500 Growth ETF by 96.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,967,008 shares of the company’s stock worth $334,974,000 after acquiring an additional 1,948,478 shares during the period. Finally, US Bancorp DE raised its stake in shares of iShares S&P 500 Growth ETF by 6.6% in the 1st quarter. US Bancorp DE now owns 3,600,393 shares of the company’s stock valued at $304,017,000 after acquiring an additional 223,636 shares during the period.

iShares S&P 500 Growth ETF Price Performance

NYSEARCA:IVW traded down $2.88 during mid-day trading on Monday, reaching $84.77. The stock had a trading volume of 8,141,323 shares, compared to its average volume of 3,305,955. The stock’s 50 day simple moving average is $91.74 and its two-hundred day simple moving average is $85.81. iShares S&P 500 Growth ETF has a 1-year low of $65.53 and a 1-year high of $97.22. The company has a market capitalization of $44.41 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14.

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.