iShares S&P 500 Growth ETF $IVW Stock Position Boosted by Merit Financial Group LLC

Merit Financial Group LLC raised its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 2.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 235,085 shares of the company’s stock after buying an additional 4,680 shares during the period. Merit Financial Group LLC’s holdings in iShares S&P 500 Growth ETF were worth $28,379,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in IVW. Flaharty Asset Management LLC bought a new position in shares of iShares S&P 500 Growth ETF during the 1st quarter valued at about $26,000. Darwin Wealth Management LLC acquired a new stake in iShares S&P 500 Growth ETF during the second quarter valued at approximately $30,000. Ryan Investment Management Inc. bought a new stake in iShares S&P 500 Growth ETF during the second quarter worth approximately $36,000. Morgan Dempsey Capital Management LLC acquired a new position in iShares S&P 500 Growth ETF in the second quarter worth approximately $44,000. Finally, ST Germain D J Co. Inc. grew its position in iShares S&P 500 Growth ETF by 655.4% in the second quarter. ST Germain D J Co. Inc. now owns 423 shares of the company’s stock worth $47,000 after buying an additional 367 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Down 0.2%

IVW opened at $124.16 on Wednesday. The firm has a market cap of $67.40 billion, a PE ratio of 33.33 and a beta of 1.11. The business has a fifty day simple moving average of $122.91 and a 200-day simple moving average of $117.75. iShares S&P 500 Growth ETF has a fifty-two week low of $79.31 and a fifty-two week high of $126.61.

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.