Cypress Wealth Services LLC Raises Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Cypress Wealth Services LLC grew its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 78.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,733 shares of the company’s stock after acquiring an additional 43,982 shares during the period. iShares S&P 500 Growth ETF comprises 2.0% of Cypress Wealth Services LLC’s portfolio, making the stock its 11th largest holding. Cypress Wealth Services LLC’s holdings in iShares S&P 500 Growth ETF were worth $8,421,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in IVW. Financial Connections Group Inc. acquired a new position in iShares S&P 500 Growth ETF during the fourth quarter worth about $28,000. Goodwin Investment Advisory acquired a new position in iShares S&P 500 Growth ETF during the fourth quarter worth about $29,000. Life Planning Partners Inc acquired a new position in iShares S&P 500 Growth ETF during the fourth quarter worth about $32,000. Northwest Financial Advisors acquired a new position in iShares S&P 500 Growth ETF during the fourth quarter worth about $38,000. Finally, Ruedi Wealth Management Inc. raised its position in iShares S&P 500 Growth ETF by 1,361.4% during the fourth quarter. Ruedi Wealth Management Inc. now owns 643 shares of the company’s stock worth $48,000 after acquiring an additional 599 shares during the last quarter.

iShares S&P 500 Growth ETF Price Performance

IVW traded down $0.08 during midday trading on Friday, reaching $93.17. 913,456 shares of the company’s stock were exchanged, compared to its average volume of 3,381,284. The business’s 50-day moving average price is $86.78 and its 200 day moving average price is $82.27. The stock has a market capitalization of $48.81 billion, a PE ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 1-year low of $65.53 and a 1-year high of $94.17.

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.