Detalus Advisors LLC Increases Stake in iShares S&P 500 Growth ETF $IVW

Detalus Advisors LLC lifted its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 5.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 248,875 shares of the company’s stock after buying an additional 12,542 shares during the quarter. iShares S&P 500 Growth ETF makes up approximately 6.4% of Detalus Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Detalus Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $28,150,000 at the end of the most recent reporting period.

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

iShares S&P 500 Growth ETF Price Performance

Shares of NYSEARCA IVW opened at $132.58 on Monday. The stock’s 50-day simple moving average is $134.68 and its two-hundred day simple moving average is $125.66. iShares S&P 500 Growth ETF has a twelve month low of $108.13 and a twelve month high of $141.98. The firm has a market capitalization of $71.85 billion, a P/E 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.