Maxwell Wealth Strategies Inc. grew its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,345 shares of the company’s stock after purchasing an additional 1,095 shares during the period. iShares S&P 500 Growth ETF makes up about 3.2% of Maxwell Wealth Strategies Inc.’s portfolio, making the stock its 3rd biggest holding. Maxwell Wealth Strategies Inc.’s holdings in iShares S&P 500 Growth ETF were worth $7,489,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in shares of iShares S&P 500 Growth ETF by 47.0% during the second quarter. Envestnet Asset Management Inc. now owns 49,022,359 shares of the company’s stock worth $4,536,529,000 after buying an additional 15,673,824 shares during the period. LPL Financial LLC grew its stake in iShares S&P 500 Growth ETF by 35.2% during the 2nd quarter. LPL Financial LLC now owns 15,426,906 shares of the company’s stock valued at $1,427,606,000 after purchasing an additional 4,015,007 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of iShares S&P 500 Growth ETF by 6.8% in the second quarter. Ameriprise Financial Inc. now owns 7,363,062 shares of the company’s stock valued at $680,575,000 after purchasing an additional 467,356 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of iShares S&P 500 Growth ETF by 60.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,371,552 shares of the company’s stock worth $589,623,000 after purchasing an additional 2,404,544 shares during the last quarter. Finally, CWM LLC increased its holdings in iShares S&P 500 Growth ETF by 36.0% in the 2nd quarter. CWM LLC now owns 6,010,873 shares of the company’s stock worth $556,246,000 after buying an additional 1,591,661 shares during the period.
iShares S&P 500 Growth ETF Trading Down 2.0 %
Shares of NYSEARCA IVW opened at $98.33 on Friday. iShares S&P 500 Growth ETF has a 12 month low of $71.68 and a 12 month high of $101.55. The stock has a market cap of $51.52 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. The company has a 50 day simple moving average of $96.26 and a two-hundred day simple moving average of $92.26.
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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