USA Financial Formulas Has $3.29 Million Stock Holdings in iShares S&P 500 Growth ETF $IVW

USA Financial Formulas decreased its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 94.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,041 shares of the company’s stock after selling 495,268 shares during the quarter. iShares S&P 500 Growth ETF makes up about 0.6% of USA Financial Formulas’ holdings, making the stock its 13th biggest position. USA Financial Formulas’ holdings in iShares S&P 500 Growth ETF were worth $3,285,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Strive Financial Group LLC purchased a new stake in shares of iShares S&P 500 Growth ETF during the fourth quarter worth $26,000. Financial Network Wealth Advisors LLC boosted its position in iShares S&P 500 Growth ETF by 174.4% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after purchasing an additional 143 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new position in iShares S&P 500 Growth ETF in the third quarter valued at about $28,000. Darwin Wealth Management LLC purchased a new position in iShares S&P 500 Growth ETF in the second quarter valued at about $30,000. Finally, Entrust Financial LLC purchased a new position in iShares S&P 500 Growth ETF in the fourth quarter valued at about $33,000.

iShares S&P 500 Growth ETF Price Performance

Shares of IVW stock opened at $141.98 on Friday. iShares S&P 500 Growth ETF has a fifty-two week low of $108.13 and a fifty-two week high of $143.26. The stock’s 50-day moving average is $136.54 and its two-hundred day moving average is $128.95. The firm has a market cap of $77.51 billion, a P/E 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.