Verus Wealth Management LLC Purchases Shares of 7,368 iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Verus Wealth Management LLC purchased a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,368 shares of the company’s stock, valued at approximately $748,000. iShares S&P 500 Growth ETF makes up about 0.8% of Verus Wealth Management LLC’s portfolio, making the stock its 27th largest position.

Several other large investors have also recently added to or reduced their stakes in the company. Signature Wealth Management Partners LLC raised its holdings in iShares S&P 500 Growth ETF by 2.1% in the 4th quarter. Signature Wealth Management Partners LLC now owns 97,538 shares of the company’s stock valued at $9,903,000 after acquiring an additional 2,051 shares in the last quarter. RCS Financial Planning LLC raised its holdings in iShares S&P 500 Growth ETF by 2.0% in the 4th quarter. RCS Financial Planning LLC now owns 31,700 shares of the company’s stock valued at $3,219,000 after acquiring an additional 614 shares in the last quarter. NorthStar Asset Management LLC NJ acquired a new position in iShares S&P 500 Growth ETF in the 4th quarter valued at approximately $202,000. Patriot Financial Group Insurance Agency LLC grew its stake in shares of iShares S&P 500 Growth ETF by 1.9% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 75,848 shares of the company’s stock valued at $7,701,000 after purchasing an additional 1,397 shares during the period. Finally, Perigon Wealth Management LLC grew its stake in shares of iShares S&P 500 Growth ETF by 3.9% in the 4th quarter. Perigon Wealth Management LLC now owns 104,980 shares of the company’s stock valued at $10,760,000 after purchasing an additional 3,942 shares during the period.

iShares S&P 500 Growth ETF Trading Up 2.0 %

IVW stock opened at $104.48 on Wednesday. iShares S&P 500 Growth ETF has a 1-year low of $77.20 and a 1-year high of $107.14. The firm has a market cap of $54.74 billion, a P/E ratio of 28.52 and a beta of 1.14. The business’s 50 day moving average is $102.84 and its 200-day moving average is $97.17.

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.