Brass Tax Wealth Management Inc. Purchases New Shares in iShares S&P 500 Growth ETF $IVW

Brass Tax Wealth Management Inc. purchased a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,767 shares of the company’s stock, valued at approximately $1,662,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IVW. Envestnet Asset Management Inc. grew its position in shares of iShares S&P 500 Growth ETF by 0.4% in the third quarter. Envestnet Asset Management Inc. now owns 45,556,746 shares of the company’s stock valued at $5,499,610,000 after purchasing an additional 179,866 shares during the period. UBS Group AG raised its position in shares of iShares S&P 500 Growth ETF by 0.9% during the 3rd quarter. UBS Group AG now owns 8,911,282 shares of the company’s stock worth $1,075,770,000 after purchasing an additional 76,602 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in iShares S&P 500 Growth ETF by 6.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,499,823 shares of the company’s stock valued at $935,874,000 after buying an additional 547,663 shares in the last quarter. Raymond James Financial Inc. lifted its stake in iShares S&P 500 Growth ETF by 1.2% in the 3rd quarter. Raymond James Financial Inc. now owns 4,309,062 shares of the company’s stock valued at $520,190,000 after buying an additional 52,514 shares in the last quarter. Finally, Lido Advisors LLC boosted its holdings in iShares S&P 500 Growth ETF by 6.4% in the 2nd quarter. Lido Advisors LLC now owns 3,418,138 shares of the company’s stock worth $376,337,000 after buying an additional 205,322 shares during the last quarter.

iShares S&P 500 Growth ETF Trading Down 1.0%

IVW stock opened at $116.72 on Friday. iShares S&P 500 Growth ETF has a 12-month low of $79.31 and a 12-month high of $126.61. The business’s 50-day moving average is $121.67 and its 200 day moving average is $121.43. The stock has a market cap of $62.66 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11.

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.