iShares S&P 500 Growth ETF $IVW is Foundation Wealth Management LLC’s Largest Position

Foundation Wealth Management LLC reduced its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 2.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 353,823 shares of the company’s stock after selling 9,630 shares during the period. iShares S&P 500 Growth ETF accounts for 27.3% of Foundation Wealth Management LLC’s investment portfolio, making the stock its largest holding. Foundation Wealth Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $42,713,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wingate Wealth Advisors Inc. raised its holdings in shares of iShares S&P 500 Growth ETF by 3.5% during the 3rd quarter. Wingate Wealth Advisors Inc. now owns 2,488 shares of the company’s stock worth $300,000 after acquiring an additional 83 shares in the last quarter. Baker Tilly Wealth Management LLC increased its position in iShares S&P 500 Growth ETF by 1.9% in the third quarter. Baker Tilly Wealth Management LLC now owns 4,745 shares of the company’s stock worth $573,000 after purchasing an additional 88 shares during the last quarter. Comprehensive Financial Planning Inc. PA raised its stake in iShares S&P 500 Growth ETF by 0.5% during the second quarter. Comprehensive Financial Planning Inc. PA now owns 16,981 shares of the company’s stock valued at $1,870,000 after purchasing an additional 90 shares in the last quarter. Dominguez Wealth Management Solutions Inc. lifted its position in iShares S&P 500 Growth ETF by 0.6% during the third quarter. Dominguez Wealth Management Solutions Inc. now owns 16,204 shares of the company’s stock valued at $1,956,000 after purchasing an additional 90 shares during the last quarter. Finally, Moneywise Inc. grew its stake in shares of iShares S&P 500 Growth ETF by 1.0% in the 3rd quarter. Moneywise Inc. now owns 9,094 shares of the company’s stock worth $1,098,000 after buying an additional 92 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Down 1.2%

iShares S&P 500 Growth ETF stock opened at $123.41 on Thursday. The company’s 50-day moving average price is $122.95 and its 200-day moving average price is $119.01. The company has a market cap of $66.60 billion, a PE ratio of 33.33 and a beta of 1.11. iShares S&P 500 Growth ETF has a twelve month low of $79.31 and a twelve month high of $126.61.

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.