Apollon Wealth Management LLC Boosts Stake in iShares S&P 500 Growth ETF $IVW

Apollon Wealth Management LLC raised its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 275,962 shares of the company’s stock after purchasing an additional 15,234 shares during the quarter. Apollon Wealth Management LLC owned 0.05% of iShares S&P 500 Growth ETF worth $34,015,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Turning Point Benefit Group Inc. purchased a new stake in iShares S&P 500 Growth ETF during the 3rd quarter worth about $28,000. Davis Capital Management purchased a new stake in iShares S&P 500 Growth ETF during the 3rd quarter worth about $28,000. Howe & Rusling Inc. increased its holdings in iShares S&P 500 Growth ETF by 484.1% during the 3rd quarter. Howe & Rusling Inc. now owns 257 shares of the company’s stock worth $31,000 after purchasing an additional 213 shares during the period. Darwin Wealth Management LLC purchased a new stake in iShares S&P 500 Growth ETF during the 2nd quarter worth about $30,000. Finally, Carolina Wealth Advisors LLC purchased a new stake in iShares S&P 500 Growth ETF during the 4th quarter worth about $36,000.

iShares S&P 500 Growth ETF Price Performance

Shares of NYSEARCA IVW opened at $120.69 on Friday. The stock’s 50-day moving average is $118.21 and its two-hundred day moving average is $121.10. iShares S&P 500 Growth ETF has a 1-year low of $84.89 and a 1-year high of $126.61. The company has a market cap of $65.05 billion, a price-to-earnings ratio of 33.33 and a beta of 1.15.

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.