Forte Asset Management Increases Stake in iShares S&P 500 Growth ETF

Forte Asset Management LLC has significantly increased its investment in the iShares S&P 500 Growth ETF (NYSEARCA:IVW), raising its stake by 34.3% during the second quarter of 2023. According to reports from Holdings Channel, the institutional investor now holds 11,750 shares of the ETF after acquiring an additional 3,000 shares during this period. The total value of Forte Asset Management’s holdings in IVW stands at approximately $1.29 million, as detailed in its latest filing with the U.S. Securities and Exchange Commission (SEC).

A number of other institutional investors have also made adjustments to their positions in the iShares S&P 500 Growth ETF. For instance, Elite Financial Inc. and Flaharty Asset Management LLC both established new positions in the first quarter of 2023, each valued at around $26,000. Similarly, Mechanics Financial Corp and Mowery & Schoenfeld Wealth Management LLC entered the market with new stakes valued at approximately $27,000 and $33,000, respectively. Finally, Cloud Capital Management LLC also created a new position in the ETF worth about $36,000.

Performance and Market Overview

On the trading front, the iShares S&P 500 Growth ETF opened at $122.67 on Friday. The ETF has a market capitalization of $66.69 billion, a price-to-earnings (PE) ratio of 33.33, and a beta of 1.05, indicating a slightly higher volatility compared to the broader market. The ETF’s 50-day moving average price is $118.65, while its 200-day moving average price stands at $109.44. Over the past year, the ETF has experienced a low of $79.31 and a high of $123.00.

The iShares S&P 500 Growth ETF, formerly known as the iShares S&P 500 Growth Index Fund, seeks to replicate the performance of the S&P 500/Citigroup Growth Index. This index focuses on large-cap growth stocks within the U.S. equity market, making it a popular choice for investors seeking exposure to the growth sector.

For those interested in tracking institutional holdings and insider trades related to IVW, Holdings Channel offers resources including the latest 13F filings. Investors can stay informed about the S&P 500 Growth ETF and similar investment avenues by subscribing to newsletters that provide daily summaries of news and analyst ratings.