Turning Point Benefit Group Inc. Takes $1.50 Million Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Turning Point Benefit Group Inc. acquired a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 14,922 shares of the company’s stock, valued at approximately $1,504,000. iShares S&P 500 Growth ETF comprises approximately 1.4% of Turning Point Benefit Group Inc.’s investment portfolio, making the stock its 11th biggest position.

Other hedge funds also recently modified their holdings of the company. Hantz Financial Services Inc. bought a new position 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 position in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at about $40,000. POM Investment Strategies LLC grew its holdings in shares of iShares S&P 500 Growth ETF by 194.8% in the 4th quarter. POM Investment Strategies LLC now owns 457 shares of the company’s stock valued at $46,000 after acquiring an additional 302 shares in the last quarter. Element Wealth LLC grew its holdings in shares of iShares S&P 500 Growth ETF by 31.1% in the 3rd quarter. Element Wealth LLC now owns 577 shares of the company’s stock valued at $55,000 after acquiring an additional 137 shares in the last quarter. Finally, Valued Wealth Advisors LLC grew its holdings in iShares S&P 500 Growth ETF by 160.2% during the third quarter. Valued Wealth Advisors LLC now owns 601 shares of the company’s stock worth $58,000 after purchasing an additional 370 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

iShares S&P 500 Growth ETF stock opened at $103.43 on Friday. iShares S&P 500 Growth ETF has a 52 week low of $79.07 and a 52 week high of $107.14. The stock has a market capitalization of $57.71 billion, a P/E ratio of 33.87 and a beta of 1.07. The stock has a 50-day simple moving average of $104.04 and a 200 day simple moving average of $98.85.

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.