Berman McAleer LLC Invests $1.34 Million in iShares S&P 500 Growth ETF $IVW

Berman McAleer LLC acquired a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 11,119 shares of the company’s stock, valued at approximately $1,342,000.

Other hedge funds have also recently bought and sold shares of the company. Davis Capital Management bought a new stake in shares of iShares S&P 500 Growth ETF during the third quarter valued at approximately $28,000. Darwin Wealth Management LLC acquired a new stake in iShares S&P 500 Growth ETF in the 2nd quarter valued at approximately $30,000. Financial Consulate Inc. bought a new stake in iShares S&P 500 Growth ETF during the 3rd quarter valued at $41,000. Morgan Dempsey Capital Management LLC acquired a new position in iShares S&P 500 Growth ETF during the 2nd quarter worth $44,000. Finally, Curio Wealth LLC boosted its position in iShares S&P 500 Growth ETF by 51,800.0% during the 2nd quarter. Curio Wealth LLC now owns 519 shares of the company’s stock worth $57,000 after acquiring an additional 518 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW opened at $123.89 on Friday. The firm has a market capitalization of $66.41 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11. iShares S&P 500 Growth ETF has a one year low of $79.31 and a one year high of $126.61. The stock’s fifty day moving average is $123.62 and its 200-day moving average is $120.07.

About iShares S&P 500 Growth ETF

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.