Advyzon Investment Management LLC has raised its investment in the iShares S&P 500 Growth ETF (NYSEARCA:IVW) by an impressive 145.5% in the third quarter of 2023. This increase brings the firm’s total holdings to 11,523 shares, valued at approximately $1,391,000 according to its latest SEC filing.
Several other institutional investors have also adjusted their positions in the iShares S&P 500 Growth ETF during the same period. Little House Capital LLC increased its holdings by 2.0%, acquiring an additional 80 shares to reach a total of 3,993 shares valued at $482,000. Similarly, Wingate Wealth Advisors Inc. grew its stake by 3.5%, owning 2,488 shares worth $300,000 after purchasing 83 shares in the last quarter.
Meanwhile, Frazier Financial Advisors LLC raised its position by 11.4%, now holding 843 shares valued at $102,000 following an acquisition of 86 shares. Baker Tilly Wealth Management LLC also increased its stake by 1.9%, bringing its total to 4,745 shares valued at $573,000 after adding 88 shares. Finally, Comprehensive Financial Planning Inc. PA has raised its investment by 0.5%, now owning 16,981 shares worth $1,870,000 after acquiring 90 shares.
Trading for the iShares S&P 500 Growth ETF opened at $121.12 on Friday. The ETF currently boasts a market capitalization of $65.02 billion, with a price-to-earnings ratio of 33.33 and a beta of 1.11. Over the past twelve months, the stock has experienced a low of $79.31 and a peak of $126.61.
The iShares S&P 500 Growth ETF, previously known as the iShares S&P 500 Growth Index Fund, aims to mirror the price and yield performance of the S&P 500/Citigroup Growth Index. This index tracks the performance of large-cap growth stocks within the U.S. equity market, specifically those exhibiting strong growth characteristics.
Investors interested in the latest movements of hedge funds regarding the iShares S&P 500 Growth ETF can visit HoldingsChannel.com for up-to-date information on 13F filings and insider trades related to the fund. Additionally, MarketBeat.com offers a daily email newsletter summarizing the latest news and analyst ratings for the iShares S&P 500 Growth ETF and similar investment opportunities.
