208,685 Shares in iShares S&P 500 Growth ETF (NYSEARCA:IVW) Acquired by ADG Wealth Management Group LLC

ADG Wealth Management Group LLC bought a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 208,685 shares of the company’s stock, valued at approximately $21,188,000. iShares S&P 500 Growth ETF makes up 18.8% of ADG Wealth Management Group LLC’s holdings, making the stock its largest position.

A number of other hedge funds have also recently added to or reduced their stakes in IVW. Allspring Global Investments Holdings LLC boosted its position in iShares S&P 500 Growth ETF by 35,928.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,522 shares of the company’s stock valued at $241,000 after buying an additional 2,515 shares in the last quarter. Diversify Wealth Management LLC raised its stake in shares of iShares S&P 500 Growth ETF by 64.0% during the third quarter. Diversify Wealth Management LLC now owns 4,462 shares of the company’s stock valued at $430,000 after acquiring an additional 1,741 shares during the last quarter. Forte Asset Management LLC raised its stake in shares of iShares S&P 500 Growth ETF by 36.7% during the third quarter. Forte Asset Management LLC now owns 8,750 shares of the company’s stock valued at $838,000 after acquiring an additional 2,350 shares during the last quarter. Principal Securities Inc. raised its stake in shares of iShares S&P 500 Growth ETF by 8.4% during the third quarter. Principal Securities Inc. now owns 321,536 shares of the company’s stock valued at $30,787,000 after acquiring an additional 24,836 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of iShares S&P 500 Growth ETF by 35.1% during the third quarter. Creative Financial Designs Inc. ADV now owns 31,707 shares of the company’s stock valued at $3,036,000 after acquiring an additional 8,235 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Performance

IVW stock opened at $101.17 on Friday. The company has a fifty day moving average price of $103.83 and a 200-day moving average price of $99.34. The company has a market capitalization of $56.45 billion, a P/E ratio of 33.87 and a beta of 1.07. iShares S&P 500 Growth ETF has a 52-week low of $79.07 and a 52-week high of $107.14.

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.