Pinion Investment Advisors LLC Takes $314,000 Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Pinion Investment Advisors LLC bought a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,391 shares of the company’s stock, valued at approximately $314,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Annex Advisory Services LLC boosted its position in shares of iShares S&P 500 Growth ETF by 2.7% during the 2nd quarter. Annex Advisory Services LLC now owns 4,165 shares of the company’s stock worth $385,000 after purchasing an additional 110 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in iShares S&P 500 Growth ETF by 10.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,320 shares of the company’s stock worth $122,000 after acquiring an additional 120 shares in the last quarter. Texas Capital Bancshares Inc TX grew its stake in iShares S&P 500 Growth ETF by 4.1% in the first quarter. Texas Capital Bancshares Inc TX now owns 3,102 shares of the company’s stock valued at $262,000 after acquiring an additional 122 shares during the period. Processus Wealth & Capital Management LLC increased its holdings in shares of iShares S&P 500 Growth ETF by 1.0% during the second quarter. Processus Wealth & Capital Management LLC now owns 12,423 shares of the company’s stock valued at $1,150,000 after acquiring an additional 122 shares in the last quarter. Finally, Diversified LLC raised its position in shares of iShares S&P 500 Growth ETF by 4.3% during the second quarter. Diversified LLC now owns 3,013 shares of the company’s stock worth $279,000 after purchasing an additional 123 shares during the period.

iShares S&P 500 Growth ETF Trading Up 0.5 %

NYSEARCA IVW opened at $93.40 on Friday. The company has a market cap of $48.93 billion, a P/E ratio of 28.52 and a beta of 1.14. The company has a fifty day simple moving average of $91.64 and a 200 day simple moving average of $88.06. iShares S&P 500 Growth ETF has a 12-month low of $65.53 and a 12-month high of $97.22.

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.