iShares S&P 500 Growth ETF $IVW Position Lifted by ADG Wealth Management Group LLC

ADG Wealth Management Group LLC raised its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 2.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 245,561 shares of the company’s stock after acquiring an additional 5,147 shares during the quarter. iShares S&P 500 Growth ETF accounts for about 19.3% of ADG Wealth Management Group LLC’s investment portfolio, making the stock its largest holding. ADG Wealth Management Group LLC’s holdings in iShares S&P 500 Growth ETF were worth $27,775,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Strive Financial Group LLC purchased a new position in iShares S&P 500 Growth ETF in the fourth quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new position in shares of iShares S&P 500 Growth ETF during the fourth quarter worth about $28,000. Financial Network Wealth Advisors LLC boosted its position in shares of iShares S&P 500 Growth ETF by 174.4% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after buying an additional 143 shares during the period. Turning Point Benefit Group Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF in the third quarter worth about $28,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of iShares S&P 500 Growth ETF in the second quarter valued at about $30,000.

iShares S&P 500 Growth ETF Stock Performance

IVW stock opened at $133.46 on Friday. The firm has a market cap of $72.33 billion, a P/E ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a 1 year low of $107.97 and a 1 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.