RMG Wealth Management LLC Makes New Investment in iShares S&P 500 Growth ETF $IVW

RMG Wealth Management LLC acquired a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,275 shares of the company’s stock, valued at approximately $710,000. iShares S&P 500 Growth ETF comprises 0.1% of RMG Wealth Management LLC’s holdings, making the stock its 27th biggest position.

Other large investors have also modified their holdings of the company. Strive Financial Group LLC purchased a new stake in iShares S&P 500 Growth ETF in the 4th quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new position in iShares S&P 500 Growth ETF during the 4th quarter worth $28,000. Financial Network Wealth Advisors LLC grew its position in iShares S&P 500 Growth ETF by 174.4% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after purchasing an additional 143 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new position in iShares S&P 500 Growth ETF during the 3rd quarter worth $28,000. Finally, Darwin Wealth Management LLC acquired a new position in iShares S&P 500 Growth ETF in the second quarter valued at $30,000.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA IVW opened at $133.59 on Friday. The firm’s fifty day moving average is $136.53 and its two-hundred day moving average is $127.39. iShares S&P 500 Growth ETF has a one year low of $108.13 and a one year high of $141.98. The firm has a market cap of $72.85 billion, a PE ratio of 33.33 and a beta of 1.17.

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.