Maxwell Wealth Strategies Inc. Grows Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Maxwell Wealth Strategies Inc. increased its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 81,153 shares of the company’s stock after buying an additional 3,808 shares during the period. iShares S&P 500 Growth ETF accounts for 3.4% of Maxwell Wealth Strategies Inc.’s portfolio, making the stock its 3rd largest position. Maxwell Wealth Strategies Inc.’s holdings in iShares S&P 500 Growth ETF were worth $8,239,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in IVW. Mountain Hill Investment Partners Corp. purchased a new stake in shares of iShares S&P 500 Growth ETF in the fourth quarter worth $28,000. BankPlus Trust Department bought a new position in iShares S&P 500 Growth ETF in the 4th quarter worth about $36,000. Hantz Financial Services Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at about $40,000. Compass Financial Services Inc bought a new stake in shares of iShares S&P 500 Growth ETF during the 4th quarter valued at about $40,000. Finally, Bellevue Asset Management LLC bought a new stake in shares of iShares S&P 500 Growth ETF during the 4th quarter valued at about $42,000.

iShares S&P 500 Growth ETF Trading Down 1.3 %

IVW stock opened at $82.96 on Wednesday. The company’s 50 day moving average is $98.11 and its 200 day moving average is $99.56. The stock has a market cap of $45.67 billion, a price-to-earnings ratio of 30.22 and a beta of 1.08. iShares S&P 500 Growth ETF has a 1-year low of $79.07 and a 1-year high of $107.14.

iShares S&P 500 Growth ETF 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.