Merit Financial Group LLC grew its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) by 3.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 230,405 shares of the company’s stock after buying an additional 7,811 shares during the period. Merit Financial Group LLC’s holdings in iShares S&P 500 Growth ETF were worth $25,368,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of IVW. Elite Financial Inc. bought a new position in shares of iShares S&P 500 Growth ETF during the first quarter valued at approximately $26,000. Flaharty Asset Management LLC bought a new position in shares of iShares S&P 500 Growth ETF during the first quarter valued at approximately $26,000. Mechanics Financial Corp bought a new position in shares of iShares S&P 500 Growth ETF during the first quarter valued at approximately $27,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in iShares S&P 500 Growth ETF in the first quarter worth approximately $33,000. Finally, Cloud Capital Management LLC bought a new position in iShares S&P 500 Growth ETF in the first quarter worth approximately $36,000.
iShares S&P 500 Growth ETF Stock Down 0.3%
Shares of NYSEARCA:IVW opened at $121.06 on Friday. iShares S&P 500 Growth ETF has a 52-week low of $79.31 and a 52-week high of $121.92. The stock has a market cap of $66.00 billion, a P/E ratio of 33.33 and a beta of 1.05. The business’s 50 day moving average is $116.68 and its 200 day moving average is $106.37.
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.
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Want to see what other hedge funds are holding IVW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report).
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