47,437 Shares in iShares S&P 500 Growth ETF $IVW Purchased by Formulate Financial LLC

Formulate Financial LLC bought a new stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 47,437 shares of the company’s stock, valued at approximately $5,727,000. iShares S&P 500 Growth ETF accounts for approximately 7.1% of Formulate Financial LLC’s investment portfolio, making the stock its 6th largest holding.

Several other institutional investors also recently modified their holdings of IVW. Davis Capital Management bought a new position in iShares S&P 500 Growth ETF in the third quarter valued at approximately $28,000. Darwin Wealth Management LLC bought a new position in shares of iShares S&P 500 Growth ETF in the 2nd quarter worth $30,000. Financial Consulate Inc. acquired a new stake in shares of iShares S&P 500 Growth ETF during the third quarter worth $41,000. Morgan Dempsey Capital Management LLC acquired a new stake in shares of iShares S&P 500 Growth ETF during the second quarter worth $44,000. Finally, ST Germain D J Co. Inc. increased its holdings in iShares S&P 500 Growth ETF by 655.4% in the second quarter. ST Germain D J Co. Inc. now owns 423 shares of the company’s stock valued at $47,000 after purchasing an additional 367 shares during the last quarter.

iShares S&P 500 Growth ETF Trading Up 0.6%

NYSEARCA:IVW opened at $124.31 on Tuesday. iShares S&P 500 Growth ETF has a 1-year low of $79.31 and a 1-year high of $126.61. The firm has a market capitalization of $66.64 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11. The business’s 50-day moving average price is $123.12 and its two-hundred day moving average price is $119.80.

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.