Truist Financial Corp Purchases 37,490 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Truist Financial Corp raised its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 3.7% in the fourth quarter, Holdings Channel reports. The fund owned 1,048,608 shares of the company’s stock after buying an additional 37,490 shares during the quarter. Truist Financial Corp’s holdings in iShares S&P 500 Growth ETF were worth $78,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of IVW. Financial Connections Group Inc. bought a new stake in shares of iShares S&P 500 Growth ETF in the fourth quarter valued at about $28,000. Goodwin Investment Advisory bought a new position in iShares S&P 500 Growth ETF during the fourth quarter worth about $29,000. Life Planning Partners Inc bought a new position in iShares S&P 500 Growth ETF during the fourth quarter worth about $32,000. Howe & Rusling Inc. lifted its stake in iShares S&P 500 Growth ETF by 1,137.2% during the third quarter. Howe & Rusling Inc. now owns 532 shares of the company’s stock worth $36,000 after purchasing an additional 489 shares during the period. Finally, Capital Investment Counsel Inc bought a new position in iShares S&P 500 Growth ETF during the third quarter worth about $42,000.

iShares S&P 500 Growth ETF Stock Up 1.9 %

IVW traded up $1.56 during midday trading on Friday, reaching $82.53. 1,811,103 shares of the company’s stock were exchanged, compared to its average volume of 3,597,853. The firm has a market capitalization of $43.10 billion, a price-to-earnings ratio of 27.41 and a beta of 1.12. iShares S&P 500 Growth ETF has a one year low of $63.19 and a one year high of $85.56. The business has a 50-day simple moving average of $83.03 and a two-hundred day simple moving average of $77.03.

About iShares S&P 500 Growth ETF

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.