Simplicity Wealth LLC Buys 5,145 Shares of iShares S&P 500 Growth ETF $IVW

Simplicity Wealth LLC grew its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 7.8% during the first quarter, Holdings Channel.com reports. The fund owned 71,221 shares of the company’s stock after purchasing an additional 5,145 shares during the quarter. Simplicity Wealth LLC’s holdings in iShares S&P 500 Growth ETF were worth $8,056,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Strive Financial Group LLC purchased a new stake in shares of iShares S&P 500 Growth ETF in the fourth quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new stake in iShares S&P 500 Growth ETF during the 4th quarter valued at $28,000. Financial Network Wealth Advisors LLC raised its position in 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 valued at $28,000 after purchasing an additional 143 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF in the 3rd quarter worth $28,000. Finally, Entrust Financial LLC purchased a new stake in shares of iShares S&P 500 Growth ETF in the 4th quarter worth $33,000.

iShares S&P 500 Growth ETF Trading Up 0.6%

Shares of IVW traded up $0.82 during midday trading on Friday, reaching $138.59. 1,005,223 shares of the stock were exchanged, compared to its average volume of 3,851,213. The company has a market capitalization of $75.49 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. The company’s 50 day moving average is $136.32 and its two-hundred day moving average is $126.62.

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.