Advyzon Investment Management LLC has significantly increased its holdings in the iShares S&P 500 Growth ETF (NYSEARCA:IVW), raising its stake by 145.5% during the third quarter of 2023. According to data from Holdings Channel, the firm now owns 11,523 shares, having purchased an additional 6,829 shares in this period. As a result, Advyzon’s total investment in the ETF is valued at approximately $1,391,000 based on its most recent filing with the U.S. Securities and Exchange Commission.
Other institutional investors have also adjusted their positions in the iShares S&P 500 Growth ETF. For instance, Little House Capital LLC increased its stake by 2.0%, now holding 3,993 shares valued at $482,000 after acquiring an additional 80 shares. Similarly, Wingate Wealth Advisors Inc. expanded its position by 3.5%, owning 2,488 shares worth $300,000 following the purchase of 83 shares.
Frazier Financial Advisors LLC raised its stake by 11.4%, now owning 843 shares valued at $102,000. Baker Tilly Wealth Management LLC also increased its holdings by 1.9%, now holding 4,745 shares worth $573,000 after acquiring 88 shares. Additionally, Comprehensive Financial Planning Inc. PA raised its stake by 0.5% in the previous quarter, now owning 16,981 shares valued at $1,870,000.
Current Market Performance
As of the latest trading session, the iShares S&P 500 Growth ETF opened at $121.12, reflecting a 1.0% increase. The ETF boasts a market capitalization of $65.02 billion, with a price-to-earnings ratio of 33.33 and a beta of 1.11. Over the past year, the fund has experienced fluctuations, with a twelve-month low of $79.31 and a high of $126.61.
The iShares S&P 500 Growth ETF, previously known as the iShares S&P 500 Growth Index Fund, aims to provide investment results that align closely with the performance of the S&P 500/Citigroup Growth Index. This index focuses on large-capitalization growth stocks within the U.S. equity market, highlighting those stocks exhibiting strong growth characteristics.
Investors interested in tracking further activities of hedge funds and institutional investors holding iShares S&P 500 Growth ETF can visit HoldingsChannel.com for the latest 13F filings and insider trades.
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