Trust Point Inc. Increases Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Trust Point Inc. grew its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 0.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,971 shares of the company’s stock after purchasing an additional 320 shares during the period. iShares S&P 500 Growth ETF comprises about 1.1% of Trust Point Inc.’s portfolio, making the stock its 12th biggest position. Trust Point Inc.’s holdings in iShares S&P 500 Growth ETF were worth $14,647,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Foster Victor Wealth Advisors LLC purchased a new stake in shares of iShares S&P 500 Growth ETF in the 2nd quarter worth about $226,000. FineMark National Bank & Trust raised its stake in shares of iShares S&P 500 Growth ETF by 4.8% during the second quarter. FineMark National Bank & Trust now owns 71,052 shares of the company’s stock valued at $6,575,000 after purchasing an additional 3,279 shares during the period. West Paces Advisors Inc. boosted its holdings in iShares S&P 500 Growth ETF by 9,168.6% in the first quarter. West Paces Advisors Inc. now owns 4,727 shares of the company’s stock valued at $399,000 after purchasing an additional 4,676 shares during the last quarter. Powell Investment Advisors LLC grew its position in shares of iShares S&P 500 Growth ETF by 0.9% during the first quarter. Powell Investment Advisors LLC now owns 250,701 shares of the company’s stock worth $21,169,000 after buying an additional 2,120 shares in the last quarter. Finally, BKM Wealth Management LLC increased its position in shares of iShares S&P 500 Growth ETF by 2.3% in the 1st quarter. BKM Wealth Management LLC now owns 104,775 shares of the company’s stock worth $8,847,000 after purchasing an additional 2,375 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Up 0.5 %

NYSEARCA:IVW traded up $0.49 during trading hours on Friday, reaching $97.52. 270,187 shares of the stock were exchanged, compared to its average volume of 2,962,264. The firm has a 50 day simple moving average of $93.53 and a 200-day simple moving average of $89.99. iShares S&P 500 Growth ETF has a 52 week low of $65.53 and a 52 week high of $98.05. The stock has a market capitalization of $51.09 billion, a P/E ratio of 28.52 and a beta of 1.14.

iShares S&P 500 Growth ETF Company 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.