SteelPeak Wealth LLC Increases Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

SteelPeak Wealth LLC lifted its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 175.4% in the first quarter, HoldingsChannel.com reports. The fund owned 190,072 shares of the company’s stock after purchasing an additional 121,065 shares during the period. iShares S&P 500 Growth ETF accounts for 0.8% of SteelPeak Wealth LLC’s holdings, making the stock its 29th biggest position. SteelPeak Wealth LLC’s holdings in iShares S&P 500 Growth ETF were worth $16,050,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Northern Trust Corp grew its position in shares of iShares S&P 500 Growth ETF by 1.4% during the third quarter. Northern Trust Corp now owns 586,956 shares of the company’s stock worth $40,160,000 after purchasing an additional 8,195 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of iShares S&P 500 Growth ETF by 6.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 9,614 shares of the company’s stock valued at $658,000 after acquiring an additional 609 shares during the last quarter. Trexquant Investment LP bought a new stake in iShares S&P 500 Growth ETF in the third quarter worth $527,000. Morningstar Investment Services LLC purchased a new position in shares of iShares S&P 500 Growth ETF during the 3rd quarter worth about $322,000. Finally, CWA Asset Management Group LLC lifted its stake in iShares S&P 500 Growth ETF by 17.3% in the third quarter. CWA Asset Management Group LLC now owns 9,577 shares of the company’s stock worth $655,000 after purchasing an additional 1,412 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Performance

IVW stock traded down $0.71 during midday trading on Friday, reaching $92.54. The company’s stock had a trading volume of 1,918,465 shares, compared to its average volume of 3,389,791. The stock has a fifty day simple moving average of $87.28 and a two-hundred day simple moving average of $82.60. The firm has a market capitalization of $48.48 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 1 year low of $65.53 and a 1 year high of $94.17.

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.