Steelhead Wealth Management LLC Invests $2.02 Million in iShares S&P 500 Growth ETF $IVW

Steelhead Wealth Management LLC purchased a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 17,826 shares of the company’s stock, valued at approximately $2,016,000. iShares S&P 500 Growth ETF accounts for about 1.0% of Steelhead Wealth Management LLC’s portfolio, making the stock its 28th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE boosted its position in iShares S&P 500 Growth ETF by 6.6% during the first quarter. Bank of America Corp DE now owns 19,779,268 shares of the company’s stock worth $2,237,233,000 after purchasing an additional 1,229,382 shares in the last quarter. Calamos Advisors LLC increased its position in shares of iShares S&P 500 Growth ETF by 2,637.2% in the first quarter. Calamos Advisors LLC now owns 1,168,503 shares of the company’s stock valued at $132,169,000 after buying an additional 1,125,813 shares in the last quarter. Focus Partners Wealth raised its stake in shares of 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 worth $236,725,000 after buying an additional 859,584 shares during the last quarter. Fifth Third Bancorp boosted its position 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 in the last quarter. Finally, Valpey Financial Services LLC boosted its position 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 in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA:IVW opened at $135.25 on Monday. The firm has a 50-day moving average price of $136.10 and a two-hundred day moving average price of $127.73. iShares S&P 500 Growth ETF has a twelve month low of $108.13 and a twelve month high of $141.98. The company has a market capitalization of $73.85 billion, a P/E ratio of 33.33 and a beta of 1.17.

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.