SMART Wealth LLC Boosts Holdings in iShares S&P 500 Growth ETF $IVW

SMART Wealth LLC lifted its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 145.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,649 shares of the company’s stock after purchasing an additional 15,187 shares during the period. SMART Wealth LLC’s holdings in iShares S&P 500 Growth ETF were worth $3,528,000 as of its most recent SEC filing.

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

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA IVW opened at $140.74 on Friday. iShares S&P 500 Growth ETF has a 1 year low of $108.13 and a 1 year high of $143.26. The stock’s 50-day simple moving average is $137.64 and its 200-day simple moving average is $130.68. The firm has a market cap of $76.84 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17.

iShares S&P 500 Growth ETF Company 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.