5T Wealth LLC Makes New $2.22 Million Investment in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

5T Wealth LLC purchased a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the fourth quarter, HoldingsChannel reports. The firm purchased 21,832 shares of the company’s stock, valued at approximately $2,217,000. iShares S&P 500 Growth ETF comprises about 1.2% of 5T Wealth LLC’s portfolio, making the stock its 24th largest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hantz Financial Services Inc. acquired a new position in iShares S&P 500 Growth ETF during the fourth quarter valued at approximately $40,000. Compass Financial Services Inc bought a new position in shares of iShares S&P 500 Growth ETF during the fourth quarter worth $40,000. POM Investment Strategies LLC grew its holdings in shares of iShares S&P 500 Growth ETF by 194.8% in the 4th quarter. POM Investment Strategies LLC now owns 457 shares of the company’s stock valued at $46,000 after buying an additional 302 shares during the period. Element Wealth LLC grew its holdings in shares of iShares S&P 500 Growth ETF by 31.1% in the 3rd quarter. Element Wealth LLC now owns 577 shares of the company’s stock valued at $55,000 after buying an additional 137 shares during the period. Finally, Valued Wealth Advisors LLC increased its position in shares of iShares S&P 500 Growth ETF by 160.2% in the 3rd quarter. Valued Wealth Advisors LLC now owns 601 shares of the company’s stock valued at $58,000 after buying an additional 370 shares in the last quarter.

iShares S&P 500 Growth ETF Trading Up 0.2 %

Shares of iShares S&P 500 Growth ETF stock opened at $106.63 on Monday. iShares S&P 500 Growth ETF has a 12 month low of $79.07 and a 12 month high of $107.14. The company has a market capitalization of $55.86 billion, a PE ratio of 28.52 and a beta of 1.14. The stock’s fifty day simple moving average is $103.85 and its 200 day simple moving average is $98.31.

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.