Elevation Capital Advisory LLC Buys New Shares in iShares S&P 500 Growth ETF $IVW

Elevation Capital Advisory LLC bought a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 79,198 shares of the company’s stock, valued at approximately $9,561,000. iShares S&P 500 Growth ETF comprises approximately 3.8% of Elevation Capital Advisory LLC’s holdings, making the stock its 7th largest position.

A number of other large investors have also recently added to or reduced their stakes in the company. U.S. Capital Wealth Advisors LLC lifted its position in shares of iShares S&P 500 Growth ETF by 5.5% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 10,405 shares of the company’s stock valued at $1,146,000 after buying an additional 543 shares during the last quarter. GAMMA Investing LLC increased its position in iShares S&P 500 Growth ETF by 22.0% during the 2nd quarter. GAMMA Investing LLC now owns 6,889 shares of the company’s stock worth $758,000 after buying an additional 1,242 shares during the period. Foster Victor Wealth Advisors LLC acquired a new stake in shares of iShares S&P 500 Growth ETF during the second quarter worth $203,000. Genesis Wealth Advisors LLC boosted its position in shares of iShares S&P 500 Growth ETF by 8.8% in the second quarter. Genesis Wealth Advisors LLC now owns 5,162 shares of the company’s stock valued at $568,000 after acquiring an additional 418 shares during the period. Finally, Beacon Investment Advisory Services Inc. bought a new stake in shares of iShares S&P 500 Growth ETF in the second quarter valued at about $210,000.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA:IVW opened at $123.00 on Friday. iShares S&P 500 Growth ETF has a 52 week low of $79.31 and a 52 week high of $126.61. The firm’s 50-day simple moving average is $122.98 and its 200 day simple moving average is $119.49. The firm has a market cap of $66.11 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11.

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. 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.