Advyzon Investment Management LLC has significantly increased its investment in the iShares S&P 500 Growth ETF (NYSEARCA:IVW) by an impressive 145.5% during the third quarter of 2023. According to data reported by Holdings Channel.com, Advyzon now holds 11,523 shares of the ETF after acquiring an additional 6,829 shares in this period. This uptick reflects a growing confidence in the ETF’s performance, which is now valued at approximately $1,391,000 based on the firm’s most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also adjusted their positions in the iShares S&P 500 Growth ETF. Little House Capital LLC raised its stake by 2.0%, now owning 3,993 shares valued at $482,000 after purchasing an additional 80 shares. Similarly, Wingate Wealth Advisors Inc. increased its holdings by 3.5%, bringing its total to 2,488 shares valued at $300,000 following the acquisition of 83 shares.
Frazier Financial Advisors LLC reported an increase of 11.4% in its holdings, now owning 843 shares worth $102,000 after adding 86 shares. Baker Tilly Wealth Management LLC also raised its position by 1.9%, owning 4,745 shares valued at $573,000 after acquiring 88 shares. Comprehensive Financial Planning Inc. PA increased its stake by 0.5%, owning 16,981 shares worth $1,870,000 after adding 90 shares in the previous quarter.
Market Performance and Overview
On Friday, 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 and has a price-to-earnings ratio of 33.33, with a beta of 1.11. Over recent months, the stock has shown resilience, with a fifty-day simple moving average of $122.80 and a 200-day simple moving average of $120.88. The ETF has experienced fluctuations, recording 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 track the performance of the S&P 500/Citigroup Growth Index. This index includes large-cap growth stocks within the S&P 500, showcasing those with the strongest growth characteristics.
The recent adjustments by various institutional investors indicate a trend towards increased confidence in the growth potential of the ETF, aligning with broader market movements. As the investment landscape evolves, the iShares S&P 500 Growth ETF remains a focal point for hedge funds and institutional investors alike, reflecting the ongoing interest in growth-oriented investment strategies.
For more information on institutional holdings and the latest developments related to the iShares S&P 500 Growth ETF, investors can visit HoldingsChannel.com for insights into the latest 13F filings and insider trades.
