Coastline Complete Wealth LLC Takes $20.77 Million Position in iShares S&P 500 Growth ETF $IVW

Coastline Complete Wealth LLC bought a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 168,513 shares of the company’s stock, valued at approximately $20,771,000. iShares S&P 500 Growth ETF accounts for 13.1% of Coastline Complete Wealth LLC’s holdings, making the stock its biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the business. United Bank grew its holdings in iShares S&P 500 Growth ETF by 4.6% in the 2nd quarter. United Bank now owns 52,096 shares of the company’s stock valued at $5,736,000 after buying an additional 2,280 shares during the period. Schnieders Capital Management LLC. acquired a new position in shares of iShares S&P 500 Growth ETF during the 2nd quarter valued at about $600,000. Russell Investments Group Ltd. lifted its holdings in shares of iShares S&P 500 Growth ETF by 13.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,992 shares of the company’s stock worth $660,000 after acquiring an additional 707 shares during the period. First Trust Advisors LP lifted its holdings in shares of iShares S&P 500 Growth ETF by 15.4% during the 2nd quarter. First Trust Advisors LP now owns 31,834 shares of the company’s stock worth $3,505,000 after acquiring an additional 4,238 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in shares of iShares S&P 500 Growth ETF in the second quarter worth approximately $244,000.

iShares S&P 500 Growth ETF Stock Performance

IVW opened at $137.96 on Friday. iShares S&P 500 Growth ETF has a 1 year low of $104.21 and a 1 year high of $141.98. The company’s 50 day simple moving average is $133.19 and its 200 day simple moving average is $125.20. The stock has a market capitalization of $74.77 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.