Meridian Wealth Advisors LLC Acquires 17,896 Shares of iShares S&P 500 Growth ETF $IVW

Meridian Wealth Advisors LLC raised its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 75.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 41,747 shares of the company’s stock after buying an additional 17,896 shares during the quarter. Meridian Wealth Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $5,040,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. United Bank raised its position in iShares S&P 500 Growth ETF by 4.6% during the second quarter. United Bank now owns 52,096 shares of the company’s stock worth $5,736,000 after acquiring an additional 2,280 shares in the last quarter. Schnieders Capital Management LLC. acquired a new stake in iShares S&P 500 Growth ETF during the second quarter worth approximately $600,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of iShares S&P 500 Growth ETF by 12.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 8,771 shares of the company’s stock worth $966,000 after acquiring an additional 954 shares during the period. Flagship Harbor Advisors LLC grew its position in shares of iShares S&P 500 Growth ETF by 7.6% in the second quarter. Flagship Harbor Advisors LLC now owns 6,358 shares of the company’s stock valued at $700,000 after purchasing an additional 451 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its stake in shares of iShares S&P 500 Growth ETF by 19.4% during the second quarter. Hantz Financial Services Inc. now owns 800 shares of the company’s stock worth $88,000 after purchasing an additional 130 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

Shares of iShares S&P 500 Growth ETF stock opened at $119.56 on Friday. The firm has a 50-day moving average of $122.70 and a 200-day moving average of $121.14. iShares S&P 500 Growth ETF has a 52-week low of $79.31 and a 52-week high of $126.61. The stock has a market cap of $64.18 billion, a PE ratio of 33.33 and a beta of 1.11.

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.