American Wealth Advisors LLC Acquires Shares of 128,221 iShares S&P 500 Growth ETF $IVW

American Wealth Advisors LLC bought a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 128,221 shares of the company’s stock, valued at approximately $15,479,000. iShares S&P 500 Growth ETF makes up about 15.3% of American Wealth Advisors LLC’s holdings, making the stock its 2nd largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in iShares S&P 500 Growth ETF by 0.4% during the third quarter. Envestnet Asset Management Inc. now owns 45,556,746 shares of the company’s stock worth $5,499,610,000 after acquiring an additional 179,866 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of iShares S&P 500 Growth ETF by 6.9% during the second quarter. Ameriprise Financial Inc. now owns 8,499,823 shares of the company’s stock worth $935,874,000 after buying an additional 547,663 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of iShares S&P 500 Growth ETF by 1.4% in the second quarter. PNC Financial Services Group Inc. now owns 5,568,243 shares of the company’s stock valued at $613,064,000 after acquiring an additional 76,455 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of iShares S&P 500 Growth ETF by 1.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,599,847 shares of the company’s stock worth $396,343,000 after acquiring an additional 66,596 shares in the last quarter. Finally, Lido Advisors LLC boosted its holdings in shares of iShares S&P 500 Growth ETF by 6.4% in the 2nd quarter. Lido Advisors LLC now owns 3,418,138 shares of the company’s stock worth $376,337,000 after acquiring an additional 205,322 shares in the last quarter.

iShares S&P 500 Growth ETF Price Performance

NYSEARCA IVW opened at $119.88 on Thursday. The stock’s 50 day simple moving average is $122.40 and its 200 day simple moving average is $121.22. iShares S&P 500 Growth ETF has a one year low of $79.31 and a one year high of $126.61. The firm has a market cap of $64.35 billion, a PE ratio of 33.33 and a beta of 1.11.

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.