Marks Group Wealth Management Inc Has $16.03 Million Holdings in iShares S&P 500 Growth ETF $IVW

Marks Group Wealth Management Inc raised its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 417.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,683 shares of the company’s stock after buying an additional 114,298 shares during the period. iShares S&P 500 Growth ETF comprises approximately 1.5% of Marks Group Wealth Management Inc’s investment portfolio, making the stock its 8th biggest position. Marks Group Wealth Management Inc’s holdings in iShares S&P 500 Growth ETF were worth $16,026,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Bank of New York Mellon Corp boosted its holdings in iShares S&P 500 Growth ETF by 10.7% during the 1st quarter. Bank of New York Mellon Corp now owns 1,977,675 shares of the company’s stock valued at $223,695,000 after acquiring an additional 190,408 shares during the period. Theory Financial LLC increased its stake in iShares S&P 500 Growth ETF by 0.9% in the first quarter. Theory Financial LLC now owns 42,611 shares of the company’s stock worth $4,820,000 after purchasing an additional 374 shares during the period. IMC Chicago LLC purchased a new stake in iShares S&P 500 Growth ETF in the first quarter worth $620,000. Signet Financial Management LLC lifted its position in shares of iShares S&P 500 Growth ETF by 9.7% during the first quarter. Signet Financial Management LLC now owns 52,699 shares of the company’s stock worth $5,961,000 after purchasing an additional 4,654 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its position in shares of iShares S&P 500 Growth ETF by 4.1% during the first quarter. Sanctuary Advisors LLC now owns 1,406,864 shares of the company’s stock worth $159,130,000 after purchasing an additional 54,856 shares during the last quarter.

iShares S&P 500 Growth ETF Trading Up 0.5%

Shares of IVW opened at $138.56 on Thursday. The firm has a market capitalization of $75.47 billion, a P/E ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a 12-month low of $108.13 and a 12-month high of $141.98. The firm has a fifty day moving average price of $136.67 and a 200-day moving average price of $126.91.

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. 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.