Alterna Wealth Management Inc. Buys 3,477 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Alterna Wealth Management Inc. lifted its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 37.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,758 shares of the company’s stock after purchasing an additional 3,477 shares during the quarter. iShares S&P 500 Growth ETF makes up about 1.2% of Alterna Wealth Management Inc.’s investment portfolio, making the stock its 25th largest position. Alterna Wealth Management Inc.’s holdings in iShares S&P 500 Growth ETF were worth $958,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IVW. JPMorgan Chase & Co. increased its position in shares of iShares S&P 500 Growth ETF by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 43,367,674 shares of the company’s stock worth $2,967,216,000 after purchasing an additional 229,932 shares in the last quarter. Morgan Stanley raised its position in iShares S&P 500 Growth ETF by 5.5% in the 3rd quarter. Morgan Stanley now owns 29,378,514 shares of the company’s stock valued at $2,010,078,000 after purchasing an additional 1,542,503 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in iShares S&P 500 Growth ETF by 54.8% in the third quarter. Envestnet Asset Management Inc. now owns 21,690,571 shares of the company’s stock worth $1,484,069,000 after purchasing an additional 7,681,845 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of iShares S&P 500 Growth ETF by 0.8% during the third quarter. Jones Financial Companies Lllp now owns 17,974,485 shares of the company’s stock worth $1,229,814,000 after purchasing an additional 138,408 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of iShares S&P 500 Growth ETF by 8.2% in the third quarter. Ameriprise Financial Inc. now owns 9,048,951 shares of the company’s stock valued at $619,206,000 after buying an additional 682,586 shares in the last quarter.

iShares S&P 500 Growth ETF Trading Up 1.9 %

NYSEARCA IVW traded up $1.52 on Friday, hitting $83.37. 2,580,985 shares of the company were exchanged, compared to its average volume of 3,509,656. iShares S&P 500 Growth ETF has a 1-year low of $63.19 and a 1-year high of $85.56. The firm has a 50 day moving average of $83.10 and a two-hundred day moving average of $77.44. The company has a market cap of $43.54 billion, a P/E ratio of 27.41 and a beta of 1.12.

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.