Planned Solutions Boosts Stake in iShares S&P 500 Growth ETF by 6.2%

Planned Solutions Inc. has increased its investment in the iShares S&P 500 Growth ETF (NYSEARCA: IVW) by **6.2%** during the third quarter of 2023. According to a recent filing with the **Securities and Exchange Commission (SEC)**, the institutional investor now holds **112,685 shares**, having acquired an additional **6,605 shares** over the quarter. This ETF represents approximately **4.7%** of Planned Solutions Inc.’s total holdings, making it the company’s **sixth-largest position**. As of the latest reporting period, these holdings were valued at **$13,603,000**.

Several other institutional investors have also adjusted their positions in the iShares S&P 500 Growth ETF, indicating a robust interest in this financial product. The **Manufacturers Life Insurance Company** notably raised its holdings by an impressive **329.5%** during the second quarter. After acquiring an additional **1,311,063 shares**, it now owns **1,708,995 shares**, valued at approximately **$188,160,000**.

In a remarkable move, **Laurel Wealth Advisors LLC** increased its position in the ETF by a staggering **11,334.7%** in the same quarter. Following the acquisition of **763,277 shares**, the firm now holds **770,011 shares** worth around **$84,778,000**.

Additionally, **EP Wealth Advisors LLC** raised its stake by **487.9%**, acquiring **563,960 shares** to bring its total to **679,544 shares**, valued at approximately **$74,818,000**. **Ameriprise Financial Inc.** also expanded its holdings by **6.9%**, now owning **8,499,823 shares** worth about **$935,874,000** after purchasing **547,663 additional shares**. Lastly, **World Investment Advisors** boosted its position by **104.4%**, holding **744,016 shares** valued at **$81,916,000** after acquiring **380,049 shares** in the previous quarter.

Market Performance of iShares S&P 500 Growth ETF

As of the most recent trading session, shares of the iShares S&P 500 Growth ETF opened at **$123.73**, reflecting a **0.8%** decline. The ETF’s **50-day moving average** stands at **$122.93**, while its **200-day moving average** is **$118.48**. Over the past year, the ETF has seen a **52-week low** of **$79.31** and a **52-week high** of **$126.61**. The fund boasts a **market capitalization** of **$66.83 billion**, a **price-to-earnings ratio** of **33.33**, and a **beta** of **1.11**, indicating its volatility relative to the broader market.

The iShares S&P 500 Growth ETF, previously known as the iShares S&P 500 Growth Index Fund, aims to deliver investment results that closely align with the performance of the **S&P 500/Citigroup Growth Index**. This index tracks the performance of large-capitalization growth stocks in the United States, specifically those exhibiting strong growth characteristics.

As the market landscape evolves, the interest from institutional investors in the iShares S&P 500 Growth ETF underscores its relevance in a diversified investment strategy, reflecting confidence in the growth potential of the U.S. equity market.