Bay Colony Advisory Group Inc, operating as Bay Colony Advisors, has made a significant investment in the iShares S&P 500 Growth ETF (NYSEARCA: IVW), acquiring a total of 6,672 shares valued at approximately $735,000. This acquisition occurred during the second quarter of 2023, as reported in the company’s latest filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also adjusted their positions in the iShares S&P 500 Growth ETF recently. Notably, LongView Wealth Management increased its stake by 0.9%, bringing its total holdings to 10,811 shares worth about $1.19 million after adding 94 shares during the same period.
Cape ANN Savings Bank raised its holdings in the ETF by 4.2% in the first quarter, now owning 2,476 shares valued at $230,000 after purchasing an additional 100 shares. Similarly, B & T Capital Management, which operates as Alpha Capital Management, reported a 3.5% increase in its holdings, acquiring 100 more shares to reach a total of 2,922 shares valued at approximately $322,000.
Waypoint Wealth Counsel also enhanced its position by 0.4%, owning 27,414 shares worth about $3.018 million after acquiring an additional 103 shares in the second quarter. Furthermore, Buska Wealth Management LLC increased its investment by 1.4%, resulting in total ownership of 8,166 shares valued at $899,000.
Market performance for the iShares S&P 500 Growth ETF reflects a current trading price of $124.79, an increase of 0.3% from the previous day. The ETF has experienced a 52-week trading range, with a low of $79.31 and a high of $126.61. Its market capitalization stands at $67.75 billion, with a price-to-earnings (PE) ratio of 33.33 and a beta of 1.11, indicating its volatility relative to the market.
The iShares S&P 500 Growth ETF aims to track the performance of the S&P 500/Citigroup Growth Index, focusing on the large-capitalization growth sector of the U.S. equity market. This fund provides investors with exposure to companies that demonstrate above-average growth, often characterized by higher price-to-earnings ratios and stronger revenue growth.
For those interested in tracking further developments and holdings related to the iShares S&P 500 Growth ETF, resources like HoldingsChannel.com offer updates on 13F filings and insider trading activities. Additionally, investors can subscribe to MarketBeat.com’s daily email newsletter for concise summaries of the latest news and analyst ratings concerning the ETF and related companies.
