iShares S&P 500 Growth ETF $IVW Shares Acquired by Fiduciary Alliance LLC

Fiduciary Alliance LLC increased its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 23.9% in the first quarter, Holdings Channel reports. The institutional investor owned 23,131 shares of the company’s stock after acquiring an additional 4,468 shares during the quarter. Fiduciary Alliance LLC’s holdings in iShares S&P 500 Growth ETF were worth $2,616,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. United Bank boosted its stake in iShares S&P 500 Growth ETF by 4.6% during the 2nd quarter. United Bank now owns 52,096 shares of the company’s stock valued at $5,736,000 after acquiring an additional 2,280 shares during the last quarter. Schnieders Capital Management LLC. bought a new stake in shares of iShares S&P 500 Growth ETF in the 2nd quarter worth about $600,000. Russell Investments Group Ltd. increased its position in shares of iShares S&P 500 Growth ETF by 13.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 5,992 shares of the company’s stock worth $660,000 after purchasing an additional 707 shares during the last quarter. First Trust Advisors LP raised its stake in shares of iShares S&P 500 Growth ETF by 15.4% in the 2nd quarter. First Trust Advisors LP now owns 31,834 shares of the company’s stock valued at $3,505,000 after purchasing an additional 4,238 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of iShares S&P 500 Growth ETF in the 2nd quarter valued at about $244,000.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA:IVW opened at $133.46 on Friday. The company has a market capitalization of $72.33 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a one year low of $107.97 and a one year high of $141.98. The stock has a 50-day simple moving average of $134.56 and a 200 day simple moving average of $125.60.

iShares S&P 500 Growth ETF Company 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.