Cornerstone Wealth Group LLC Increases Stock Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Cornerstone Wealth Group LLC lifted its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 13,039 shares of the company’s stock after purchasing an additional 191 shares during the period. Cornerstone Wealth Group LLC’s holdings in iShares S&P 500 Growth ETF were worth $1,248,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IVW. Lake Street Private Wealth LLC raised its stake in iShares S&P 500 Growth ETF by 9.7% in the first quarter. Lake Street Private Wealth LLC now owns 4,026 shares of the company’s stock valued at $340,000 after purchasing an additional 355 shares in the last quarter. Private Advisor Group LLC raised its stake in iShares S&P 500 Growth ETF by 3.0% in the first quarter. Private Advisor Group LLC now owns 406,343 shares of the company’s stock valued at $34,312,000 after purchasing an additional 12,017 shares in the last quarter. Diversify Advisory Services LLC purchased a new stake in iShares S&P 500 Growth ETF in the first quarter valued at approximately $606,000. Parthenon LLC raised its stake in iShares S&P 500 Growth ETF by 18.9% in the first quarter. Parthenon LLC now owns 6,516 shares of the company’s stock valued at $550,000 after purchasing an additional 1,036 shares in the last quarter. Finally, Mission Wealth Management LP raised its stake in iShares S&P 500 Growth ETF by 25.2% in the first quarter. Mission Wealth Management LP now owns 48,850 shares of the company’s stock valued at $4,125,000 after purchasing an additional 9,848 shares in the last quarter.

iShares S&P 500 Growth ETF Price Performance

Shares of IVW opened at $97.95 on Thursday. The firm’s 50 day simple moving average is $94.61 and its 200 day simple moving average is $90.88. The company has a market capitalization of $51.31 billion, a P/E ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 1-year low of $66.08 and a 1-year high of $98.68.

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.