PAX Financial Group LLC Purchases 17,698 Shares of iShares S&P 500 Growth ETF $IVW

PAX Financial Group LLC boosted its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 8.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 224,526 shares of the company’s stock after buying an additional 17,698 shares during the quarter. iShares S&P 500 Growth ETF accounts for 4.3% of PAX Financial Group LLC’s investment portfolio, making the stock its 4th biggest holding. PAX Financial Group LLC’s holdings in iShares S&P 500 Growth ETF were worth $25,396,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in IVW. Strive Financial Group LLC bought a new position in shares of iShares S&P 500 Growth ETF in the 4th 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 4th quarter worth about $28,000. Financial Network Wealth Advisors LLC raised its holdings in shares of iShares S&P 500 Growth ETF by 174.4% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after purchasing an additional 143 shares during the period. Turning Point Benefit Group Inc. bought a new stake in shares of iShares S&P 500 Growth ETF in the 3rd quarter valued at about $28,000. Finally, Darwin Wealth Management LLC acquired a new stake in iShares S&P 500 Growth ETF in the 2nd quarter valued at about $30,000.

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA:IVW opened at $135.41 on Friday. iShares S&P 500 Growth ETF has a 52-week low of $108.13 and a 52-week high of $141.98. The company has a market capitalization of $73.73 billion, a P/E ratio of 33.33 and a beta of 1.17. The company has a 50-day simple moving average of $135.53 and a 200 day simple moving average of $126.07.

About iShares S&P 500 Growth ETF

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.