Marks Group Wealth Management Inc Has $16.03 Million Stake in iShares S&P 500 Growth ETF $IVW

Marks Group Wealth Management Inc lifted its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 417.4% in the first quarter, Holdings Channel reports. The firm owned 141,683 shares of the company’s stock after buying an additional 114,298 shares during the period. iShares S&P 500 Growth ETF accounts for 1.5% of Marks Group Wealth Management Inc’s investment portfolio, making the stock its 8th largest holding. Marks Group Wealth Management Inc’s holdings in iShares S&P 500 Growth ETF were worth $16,026,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the company. Calamos Advisors LLC increased its holdings in iShares S&P 500 Growth ETF by 2,637.2% during the 1st quarter. Calamos Advisors LLC now owns 1,168,503 shares of the company’s stock worth $132,169,000 after purchasing an additional 1,125,813 shares during the period. Focus Partners Wealth raised its position in iShares S&P 500 Growth ETF by 81.0% during the 4th quarter. Focus Partners Wealth now owns 1,920,546 shares of the company’s stock valued at $236,725,000 after purchasing an additional 859,584 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of iShares S&P 500 Growth ETF by 131.3% in the 1st quarter. Fifth Third Bancorp now owns 1,497,810 shares of the company’s stock worth $169,417,000 after buying an additional 850,349 shares during the period. Valpey Financial Services LLC lifted its holdings in shares of iShares S&P 500 Growth ETF by 11,889.3% in the 4th quarter. Valpey Financial Services LLC now owns 712,286 shares of the company’s stock worth $87,796,000 after buying an additional 706,345 shares during the period. Finally, Align Financial LLC bought a new position in shares of iShares S&P 500 Growth ETF during the 4th quarter worth $49,180,000.

iShares S&P 500 Growth ETF Trading Up 0.5%

IVW opened at $138.56 on Thursday. The company has a market capitalization of $75.47 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a 12-month low of $108.13 and a 12-month high of $141.98. The business’s fifty day simple moving average is $136.67 and its 200-day simple moving average is $126.91.

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.