Aureum Wealth Management LLC Invests $799,000 in iShares S&P 500 Growth ETF $IVW

Aureum Wealth Management LLC bought a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 6,483 shares of the company’s stock, valued at approximately $799,000.

Several other institutional investors have also recently bought and sold shares of the company. United Bank lifted its position 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 worth $5,736,000 after acquiring an additional 2,280 shares during the last quarter. Schnieders Capital Management LLC. acquired a new stake in shares of iShares S&P 500 Growth ETF in the second quarter valued at about $600,000. Russell Investments Group Ltd. increased its stake in shares of iShares S&P 500 Growth ETF by 13.4% in the second quarter. Russell Investments Group Ltd. now owns 5,992 shares of the company’s stock worth $660,000 after purchasing an additional 707 shares during the period. First Trust Advisors LP increased its stake in shares of iShares S&P 500 Growth ETF by 15.4% in the second quarter. First Trust Advisors LP now owns 31,834 shares of the company’s stock worth $3,505,000 after purchasing an additional 4,238 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in shares of iShares S&P 500 Growth ETF during the 2nd quarter worth about $244,000.

iShares S&P 500 Growth ETF Stock Up 1.8%

Shares of NYSEARCA:IVW opened at $129.07 on Thursday. The business has a 50 day moving average price of $119.00 and a 200 day moving average price of $121.44. iShares S&P 500 Growth ETF has a twelve month low of $90.05 and a twelve month high of $129.14. The company has a market cap of $69.74 billion, a price-to-earnings ratio of 33.33 and a beta of 1.15.

iShares S&P 500 Growth ETF 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.