Wealth Alliance LLC Has $24.64 Million Position in iShares S&P 500 Growth ETF $IVW

Wealth Alliance LLC reduced its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 6.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 217,868 shares of the company’s stock after selling 13,932 shares during the period. iShares S&P 500 Growth ETF comprises approximately 2.4% of Wealth Alliance LLC’s holdings, making the stock its 6th largest position. Wealth Alliance LLC’s holdings in iShares S&P 500 Growth ETF were worth $24,643,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in IVW. Strive Financial Group LLC purchased a new position in shares of iShares S&P 500 Growth ETF in the fourth quarter worth $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF during the fourth quarter valued at $28,000. Financial Network Wealth Advisors LLC boosted its position in shares of iShares S&P 500 Growth ETF by 174.4% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after buying an additional 143 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF during the third quarter valued at $28,000. Finally, Darwin Wealth Management LLC bought a new stake in iShares S&P 500 Growth ETF in the 2nd quarter worth about $30,000.

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA:IVW opened at $132.83 on Friday. iShares S&P 500 Growth ETF has a fifty-two week low of $108.13 and a fifty-two week high of $141.98. The business has a 50-day simple moving average of $136.45 and a two-hundred day simple moving average of $127.42. The firm has a market cap of $72.44 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17.

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. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.