HB Wealth Management LLC Has $252.16 Million Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

HB Wealth Management LLC trimmed its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,483,216 shares of the company’s stock after selling 34,165 shares during the period. iShares S&P 500 Growth ETF accounts for 2.6% of HB Wealth Management LLC’s portfolio, making the stock its 9th largest position. HB Wealth Management LLC owned 0.47% of iShares S&P 500 Growth ETF worth $252,157,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Davis Capital Management raised its position in shares of iShares S&P 500 Growth ETF by 78.4% in the 3rd quarter. Davis Capital Management now owns 412 shares of the company’s stock worth $39,000 after acquiring an additional 181 shares in the last quarter. Element Wealth LLC raised its position in shares of iShares S&P 500 Growth ETF by 31.1% in the 3rd quarter. Element Wealth LLC now owns 577 shares of the company’s stock worth $55,000 after acquiring an additional 137 shares in the last quarter. Valued Wealth Advisors LLC raised its position in shares of iShares S&P 500 Growth ETF by 160.2% in the 3rd quarter. Valued Wealth Advisors LLC now owns 601 shares of the company’s stock worth $58,000 after acquiring an additional 370 shares in the last quarter. Copley Financial Group Inc. bought a new position in shares of iShares S&P 500 Growth ETF in the 3rd quarter worth $64,000. Finally, ORG Wealth Partners LLC acquired a new position in iShares S&P 500 Growth ETF during the 3rd quarter valued at about $66,000.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA:IVW traded up $1.33 during mid-day trading on Friday, hitting $103.83. 1,282,369 shares of the company’s stock traded hands, compared to its average volume of 1,849,724. The company has a fifty day moving average of $102.10 and a 200 day moving average of $96.62. iShares S&P 500 Growth ETF has a twelve month low of $75.62 and a twelve month high of $105.64. The company has a market capitalization of $54.40 billion, a P/E ratio of 28.52 and a beta of 1.14.

iShares S&P 500 Growth ETF 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.