PVG Asset Management Corp Invests $250,000 in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

PVG Asset Management Corp purchased a new stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 3,330 shares of the company’s stock, valued at approximately $250,000. iShares S&P 500 Growth ETF comprises about 1.2% of PVG Asset Management Corp’s investment portfolio, making the stock its 20th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in iShares S&P 500 Growth ETF by 54.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 21,690,571 shares of the company’s stock valued at $1,484,069,000 after buying an additional 7,681,845 shares in the last quarter. LPL Financial LLC increased its holdings in iShares S&P 500 Growth ETF by 35.1% during the 3rd quarter. LPL Financial LLC now owns 7,697,945 shares of the company’s stock worth $526,693,000 after purchasing an additional 1,998,078 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in iShares S&P 500 Growth ETF during the 3rd quarter worth $133,439,000. Morgan Stanley raised its position in iShares S&P 500 Growth ETF by 5.5% during the 3rd quarter. Morgan Stanley now owns 29,378,514 shares of the company’s stock valued at $2,010,078,000 after purchasing an additional 1,542,503 shares in the last quarter. Finally, Midland Wealth Advisors LLC purchased a new stake in shares of iShares S&P 500 Growth ETF in the 4th quarter worth $100,134,000.

iShares S&P 500 Growth ETF Price Performance

Shares of NYSEARCA:IVW traded up $0.71 during trading hours on Monday, hitting $92.92. The company’s stock had a trading volume of 1,003,203 shares, compared to its average volume of 3,432,673. The firm’s fifty day moving average price is $85.30 and its 200 day moving average price is $81.21. iShares S&P 500 Growth ETF has a 52 week low of $65.53 and a 52 week high of $92.96. The company has a market capitalization of $48.68 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14.

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.