Quadrant Private Wealth Management LLC Grows Stock Holdings in iShares S&P 500 Growth ETF $IVW

Quadrant Private Wealth Management LLC raised its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 7.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 101,367 shares of the company’s stock after buying an additional 6,916 shares during the period. iShares S&P 500 Growth ETF comprises approximately 1.8% of Quadrant Private Wealth Management LLC’s investment portfolio, making the stock its 9th biggest position. Quadrant Private Wealth Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $11,466,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. United Bank grew its holdings in shares of iShares S&P 500 Growth ETF by 4.6% in the 2nd quarter. United Bank now owns 52,096 shares of the company’s stock worth $5,736,000 after acquiring an additional 2,280 shares during the last quarter. Schnieders Capital Management LLC. purchased a new stake in shares of iShares S&P 500 Growth ETF during the second quarter valued at $600,000. Russell Investments Group Ltd. lifted its holdings in shares of iShares S&P 500 Growth ETF by 13.4% during the second quarter. Russell Investments Group Ltd. now owns 5,992 shares of the company’s stock valued at $660,000 after purchasing an additional 707 shares during the last quarter. First Trust Advisors LP boosted its position in shares of iShares S&P 500 Growth ETF by 15.4% in the 2nd quarter. First Trust Advisors LP now owns 31,834 shares of the company’s stock valued at $3,505,000 after purchasing an additional 4,238 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in shares of iShares S&P 500 Growth ETF in the 2nd quarter valued at $244,000.

iShares S&P 500 Growth ETF Trading Down 1.5%

Shares of IVW opened at $134.26 on Friday. The business’s 50-day moving average price is $136.68 and its 200 day moving average price is $127.04. The stock has a market capitalization of $73.16 billion, a P/E ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a 1-year low of $108.13 and a 1-year high of $141.98.

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.