Beto Financial Group LLC Invests $8.12 Million in iShares S&P 500 Growth ETF $IVW

Beto Financial Group LLC purchased a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the fourth quarter, Holdings Channel.com reports. The fund purchased 65,366 shares of the company’s stock, valued at approximately $8,124,000. iShares S&P 500 Growth ETF comprises about 5.6% of Beto Financial Group LLC’s portfolio, making the stock its 3rd largest position.

A number of other large investors have also modified their holdings of IVW. Valpey Financial Services LLC grew its stake in shares of iShares S&P 500 Growth ETF by 11,889.3% during the fourth quarter. Valpey Financial Services LLC now owns 712,286 shares of the company’s stock worth $87,796,000 after acquiring an additional 706,345 shares during the last quarter. AlphaCore Capital LLC grew its stake in shares of iShares S&P 500 Growth ETF by 522.0% during the fourth quarter. AlphaCore Capital LLC now owns 299,535 shares of the company’s stock worth $36,921,000 after acquiring an additional 251,375 shares during the last quarter. Lido Advisors LLC grew its stake in shares of iShares S&P 500 Growth ETF by 6.5% during the third quarter. Lido Advisors LLC now owns 3,639,449 shares of the company’s stock worth $439,354,000 after acquiring an additional 221,311 shares during the last quarter. Sofi Wealth LLC grew its stake in shares of iShares S&P 500 Growth ETF by 10.4% during the fourth quarter. Sofi Wealth LLC now owns 2,104,088 shares of the company’s stock worth $259,350,000 after acquiring an additional 198,832 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. grew its stake in shares of iShares S&P 500 Growth ETF by 231.7% during the third quarter. Vestmark Advisory Solutions Inc. now owns 273,381 shares of the company’s stock worth $33,003,000 after acquiring an additional 190,970 shares during the last quarter.

iShares S&P 500 Growth ETF Price Performance

Shares of IVW stock opened at $141.59 on Tuesday. The firm has a market capitalization of $76.73 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. The business has a fifty day moving average of $127.21 and a 200 day moving average of $123.77. iShares S&P 500 Growth ETF has a 1 year low of $102.92 and a 1 year high of $141.98.

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. 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.