SteelPeak Wealth LLC Sells 14,851 Shares of iShares S&P 500 Growth ETF $IVW

SteelPeak Wealth LLC trimmed its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 5.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 265,668 shares of the company’s stock after selling 14,851 shares during the quarter. iShares S&P 500 Growth ETF accounts for 0.9% of SteelPeak Wealth LLC’s portfolio, making the stock its 22nd largest position. SteelPeak Wealth LLC’s holdings in iShares S&P 500 Growth ETF were worth $30,050,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IVW. Allspring Global Investments Holdings LLC boosted its stake in iShares S&P 500 Growth ETF by 1,911.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,716 shares of the company’s stock worth $311,000 after buying an additional 2,581 shares in the last quarter. Adaptive Financial Consulting LLC increased its holdings in iShares S&P 500 Growth ETF by 2.9% in the 1st quarter. Adaptive Financial Consulting LLC now owns 180,794 shares of the company’s stock valued at $20,450,000 after buying an additional 5,142 shares during the period. Frisch Financial Group Inc. raised its stake in shares of iShares S&P 500 Growth ETF by 79.6% in the 1st quarter. Frisch Financial Group Inc. now owns 20,564 shares of the company’s stock valued at $2,326,000 after buying an additional 9,111 shares in the last quarter. Sofi Wealth LLC raised its stake in shares of iShares S&P 500 Growth ETF by 6.9% in the 1st quarter. Sofi Wealth LLC now owns 2,249,169 shares of the company’s stock valued at $254,403,000 after buying an additional 145,081 shares in the last quarter. Finally, Independent Financial Group LLC bought a new position in shares of iShares S&P 500 Growth ETF during the 1st quarter worth about $4,566,000.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA:IVW opened at $136.26 on Friday. The company has a 50-day moving average of $136.71 and a 200-day moving average of $126.99. iShares S&P 500 Growth ETF has a 52 week low of $108.13 and a 52 week high of $141.98. The company has a market capitalization of $74.22 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17.

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.