Avantax Advisory Services Inc. Raises Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Avantax Advisory Services Inc. raised its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 13.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 902,386 shares of the company’s stock after buying an additional 106,458 shares during the quarter. iShares S&P 500 Growth ETF makes up approximately 0.6% of Avantax Advisory Services Inc.’s investment portfolio, making the stock its 23rd largest position. Avantax Advisory Services Inc. owned about 0.17% of iShares S&P 500 Growth ETF worth $91,619,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. BankPlus Trust Department acquired a new position in iShares S&P 500 Growth ETF during the 4th quarter worth about $36,000. Hantz Financial Services Inc. acquired a new position in iShares S&P 500 Growth ETF during the 4th quarter worth about $40,000. Compass Financial Services Inc acquired a new position in iShares S&P 500 Growth ETF during the 4th quarter worth about $40,000. Bellevue Asset Management LLC acquired a new position in iShares S&P 500 Growth ETF during the 4th quarter worth about $42,000. Finally, POM Investment Strategies LLC lifted its stake in iShares S&P 500 Growth ETF by 194.8% during the 4th quarter. POM Investment Strategies LLC now owns 457 shares of the company’s stock worth $46,000 after acquiring an additional 302 shares in the last quarter.

iShares S&P 500 Growth ETF Price Performance

IVW stock opened at $92.75 on Wednesday. The firm has a market capitalization of $51.22 billion, a P/E ratio of 30.05 and a beta of 1.08. The business’s 50-day moving average is $102.77 and its two-hundred day moving average is $99.61. iShares S&P 500 Growth ETF has a 1 year low of $79.07 and a 1 year high of $107.14.

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.