White Pine Capital LLC has decreased its holdings in the iShares S&P 500 Growth ETF (NYSEARCA: IVW) by 2.7% during the second quarter of 2023. According to its latest 13F filing with the U.S. Securities and Exchange Commission (SEC), the firm now owns 15,556 shares of the ETF after selling 425 shares. The value of White Pine’s investment in the fund stands at approximately $1,713,000.
Other institutional investors have also made recent adjustments to their positions in the iShares S&P 500 Growth ETF. Comprehensive Financial Planning Inc. (PA) increased its stake by 0.5% during the same quarter, bringing its total holdings to 16,981 shares, valued at $1,870,000 after acquiring an additional 90 shares. Similarly, LongView Wealth Management raised its holdings by 0.9%, now owning 10,811 shares worth $1,190,000 following the purchase of 94 shares.
Cape ANN Savings Bank recorded a 4.2% increase in its holdings during the first quarter, owning 2,476 shares valued at $230,000, after acquiring an additional 100 shares. B & T Capital Management, doing business as Alpha Capital Management, raised its stake in the ETF by 3.5% in the second quarter, now holding 2,922 shares valued at $322,000 after adding another 100 shares. Lastly, waypoint wealth counsel increased its holdings by 0.4%, now owning 27,414 shares valued at $3,018,000 after acquiring 103 shares.
The iShares S&P 500 Growth ETF saw a decline of 1.8% in trading, opening at $117.70 on Friday. The fund has experienced significant fluctuations, with a 12-month low of $79.31 and a high of $126.61. As of now, the ETF has a market capitalization of approximately $63.89 billion, a price-to-earnings (P/E) ratio of 33.33, and a beta of 1.11. Its fifty-day and 200-day moving averages stand at $121.37 and $113.55, respectively.
The iShares S&P 500 Growth ETF aims to replicate the price and yield performance of the S&P 500/Citigroup Growth Index, which assesses the large-capitalization growth sector of the United States equity market.
For those interested in tracking additional investments in the iShares S&P 500 Growth ETF, further insights can be found on platforms like HoldingsChannel.com, which provide updates on 13F filings and insider trades. Additionally, MarketBeat.com offers a daily email newsletter summarizing the latest news and analyst ratings related to the ETF and its peers.
