Alterna Wealth Management Inc. Raises Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Alterna Wealth Management Inc. lifted its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 16.9% during the fourth quarter, Holdings Channel reports. The fund owned 32,882 shares of the company’s stock after acquiring an additional 4,746 shares during the period. iShares S&P 500 Growth ETF comprises 2.8% of Alterna Wealth Management Inc.’s investment portfolio, making the stock its 11th largest position. Alterna Wealth Management Inc.’s holdings in iShares S&P 500 Growth ETF were worth $3,339,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of IVW. Hantz Financial Services Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF during the 4th quarter worth $40,000. Element Wealth LLC lifted its holdings in iShares S&P 500 Growth ETF by 31.1% during the 3rd quarter. Element Wealth LLC now owns 577 shares of the company’s stock worth $55,000 after buying an additional 137 shares during the last quarter. Valued Wealth Advisors LLC lifted its holdings in iShares S&P 500 Growth ETF by 160.2% during the 3rd quarter. Valued Wealth Advisors LLC now owns 601 shares of the company’s stock worth $58,000 after buying an additional 370 shares during the last quarter. Copley Financial Group Inc. acquired a new position in shares of iShares S&P 500 Growth ETF during the 3rd quarter worth about $64,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of iShares S&P 500 Growth ETF in the 3rd quarter valued at about $66,000.

iShares S&P 500 Growth ETF Stock Down 0.5 %

IVW stock opened at $104.19 on Monday. The business has a 50 day moving average price of $103.12 and a 200 day moving average price of $97.33. The stock has a market cap of $54.59 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a fifty-two week low of $77.20 and a fifty-two week 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.