PAX Financial Group LLC Increases Position in iShares S&P 500 Growth ETF $IVW

PAX Financial Group LLC increased its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 8.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 224,526 shares of the company’s stock after purchasing an additional 17,698 shares during the quarter. iShares S&P 500 Growth ETF makes up about 4.3% of PAX Financial Group LLC’s investment portfolio, making the stock its 4th biggest holding. PAX Financial Group LLC’s holdings in iShares S&P 500 Growth ETF were worth $25,396,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Strive Financial Group LLC bought a new stake in iShares S&P 500 Growth ETF during the 4th quarter worth about $26,000. Decker Retirement Planning Inc. acquired a new position in shares of iShares S&P 500 Growth ETF during the 4th quarter worth about $28,000. Financial Network Wealth Advisors LLC boosted its stake in shares of iShares S&P 500 Growth ETF by 174.4% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after buying an additional 143 shares during the last quarter. Turning Point Benefit Group Inc. bought a new position in shares of iShares S&P 500 Growth ETF in the 3rd quarter valued at about $28,000. Finally, Entrust Financial LLC bought a new position in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at about $33,000.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA:IVW opened at $135.41 on Friday. The stock’s 50-day simple moving average is $135.53 and its 200 day simple moving average is $126.07. The company has a market cap of $73.73 billion, a P/E ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a 52-week low of $108.13 and a 52-week high of $141.98.

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.