White Pine Capital LLC has reduced its stake in the iShares S&P 500 Growth ETF (NYSEARCA: IVW) by 2.7% during the second quarter of 2023. According to its recent 13F filing with the U.S. Securities and Exchange Commission (SEC), the firm now holds 15,556 shares of the ETF after selling 425 shares in that quarter. As of the latest filing, White Pine’s holdings in the ETF were valued at approximately $1,713,000.
Several other institutional investors have also adjusted their positions in the iShares S&P 500 Growth ETF recently. Comprehensive Financial Planning Inc. PA increased its stake by 0.5% during the same quarter, acquiring an additional 90 shares, bringing its total to 16,981 shares valued at $1,870,000. LongView Wealth Management enhanced its holdings by 0.9%, now owning 10,811 shares worth $1,190,000 after acquiring 94 shares.
Additionally, Cape ANN Savings Bank increased its stake by 4.2% in the first quarter, now holding 2,476 shares valued at $230,000 after buying 100 more shares. B & T Capital Management DBA Alpha Capital Management also raised its holdings by 3.5% during the second quarter. It now owns 2,922 shares valued at $322,000 after acquiring an additional 100 shares. Lastly, waypoint wealth counsel lifted its holdings by 0.4%, bringing its total to 27,414 shares valued at $3,018,000.
Trading activity for iShares S&P 500 Growth ETF reflected a decline, with shares opening at $117.70 on Friday, experiencing a drop of 1.8%. Over the past year, the ETF has reached a low of $79.31 and a high of $126.61. The fund has a market capitalization of $63.89 billion, a price-to-earnings (P/E) ratio of 33.33, and a beta of 1.11. Its fifty-day moving average price stands at $121.37, while the 200-day moving average price is noted at $113.55.
The iShares S&P 500 Growth ETF, previously known as the iShares S&P 500 Growth Index Fund, aims to provide investment results that correspond to the price and yield performance of the S&P 500/Citigroup Growth Index. This index measures the performance of the large-capitalization growth sector of the U.S. equity market, making the ETF a popular choice for investors seeking exposure to growth-oriented equities.
For those interested in the latest movements of hedge funds holding the iShares S&P 500 Growth ETF, HoldingsChannel.com offers updated 13F filings and insider trades.
