Gateway Wealth Partners LLC Grows Holdings in iShares S&P 500 Growth ETF $IVW

Gateway Wealth Partners LLC lifted its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 204.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 174,730 shares of the company’s stock after purchasing an additional 117,425 shares during the quarter. iShares S&P 500 Growth ETF accounts for 0.8% of Gateway Wealth Partners LLC’s portfolio, making the stock its 25th largest position. Gateway Wealth Partners LLC’s holdings in iShares S&P 500 Growth ETF were worth $19,764,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Strive Financial Group LLC purchased a new stake in iShares S&P 500 Growth ETF in the fourth quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new position in shares of iShares S&P 500 Growth ETF during the fourth quarter worth $28,000. Financial Network Wealth Advisors LLC grew its stake in shares of iShares S&P 500 Growth ETF by 174.4% in 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 in the last quarter. Turning Point Benefit Group Inc. acquired a new stake in shares of iShares S&P 500 Growth ETF in the third quarter valued at $28,000. Finally, Entrust Financial LLC purchased a new stake in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at $33,000.

iShares S&P 500 Growth ETF Stock Performance

IVW opened at $132.83 on Monday. The stock’s 50-day moving average price is $136.45 and its 200 day moving average price is $127.45. iShares S&P 500 Growth ETF has a 12-month low of $108.13 and a 12-month high of $141.98. The firm has a market cap of $72.47 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17.

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. 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.