Great Point Wealth Advisors LLC Makes New $4.41 Million Investment in iShares S&P 500 Growth ETF $IVW

Great Point Wealth Advisors LLC bought a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 36,522 shares of the company’s stock, valued at approximately $4,409,000. iShares S&P 500 Growth ETF accounts for 0.8% of Great Point Wealth Advisors LLC’s holdings, making the stock its 24th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its stake in shares of iShares S&P 500 Growth ETF by 329.5% during the second quarter. The Manufacturers Life Insurance Company now owns 1,708,995 shares of the company’s stock valued at $188,160,000 after purchasing an additional 1,311,063 shares during the period. Laurel Wealth Advisors LLC increased its stake in iShares S&P 500 Growth ETF by 11,334.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 770,011 shares of the company’s stock worth $84,778,000 after buying an additional 763,277 shares during the period. EP Wealth Advisors LLC lifted its holdings in iShares S&P 500 Growth ETF by 487.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 679,544 shares of the company’s stock worth $74,818,000 after buying an additional 563,960 shares in the last quarter. Ameriprise Financial Inc. boosted its position in iShares S&P 500 Growth ETF by 6.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,499,823 shares of the company’s stock valued at $935,874,000 after buying an additional 547,663 shares during the last quarter. Finally, World Investment Advisors grew its stake in shares of iShares S&P 500 Growth ETF by 104.4% during the second quarter. World Investment Advisors now owns 744,016 shares of the company’s stock valued at $81,916,000 after acquiring an additional 380,049 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA IVW opened at $123.93 on Friday. The firm has a market cap of $66.88 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11. iShares S&P 500 Growth ETF has a 1 year low of $79.31 and a 1 year high of $126.61. The stock’s 50-day simple moving average is $123.04 and its 200-day simple moving average is $119.14.

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.