Kinetic Wealth Investment Advisors LLC Takes $3.40 Million Position in iShares S&P 500 Growth ETF $IVW

Kinetic Wealth Investment Advisors LLC acquired a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 24,747 shares of the company’s stock, valued at approximately $3,403,000. iShares S&P 500 Growth ETF accounts for about 1.6% of Kinetic Wealth Investment Advisors LLC’s portfolio, making the stock its 10th largest position.

Several other hedge funds have also modified their holdings of the stock. Tucker Asset Management LLC raised its stake in iShares S&P 500 Growth ETF by 66.7% during the second quarter. Tucker Asset Management LLC now owns 4,703 shares of the company’s stock worth $647,000 after purchasing an additional 1,882 shares during the period. Ameritas Advisory Services LLC boosted its holdings in iShares S&P 500 Growth ETF by 121.8% in the second quarter. Ameritas Advisory Services LLC now owns 170,648 shares of the company’s stock valued at $23,469,000 after acquiring an additional 93,710 shares during the last quarter. Straight Path Wealth Management purchased a new position in shares of iShares S&P 500 Growth ETF in the 2nd quarter worth about $286,000. Kintra Wealth LLC acquired a new stake in iShares S&P 500 Growth ETF during the 2nd quarter worth approximately $290,000. Finally, Morling Financial Advisors LLC raised its holdings in iShares S&P 500 Growth ETF by 344.0% in the second quarter. Morling Financial Advisors LLC now owns 1,039 shares of the company’s stock valued at $143,000 after buying an additional 805 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA:IVW opened at $140.55 on Tuesday. The firm’s fifty day simple moving average is $137.90 and its 200 day simple moving average is $130.98. iShares S&P 500 Growth ETF has a twelve month low of $108.13 and a twelve month high of $143.26. The firm has a market capitalization of $76.73 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17.

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.