SCS Capital Management LLC Purchases 82,984 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

SCS Capital Management LLC grew its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 17.2% during the 4th quarter, HoldingsChannel reports. The firm owned 565,639 shares of the company’s stock after acquiring an additional 82,984 shares during the quarter. iShares S&P 500 Growth ETF comprises about 1.2% of SCS Capital Management LLC’s investment portfolio, making the stock its 18th biggest position. SCS Capital Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $57,429,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Mountain Hill Investment Partners Corp. bought a new position in iShares S&P 500 Growth ETF in the 4th quarter worth approximately $28,000. BankPlus Trust Department acquired a new stake in shares of iShares S&P 500 Growth ETF in the fourth quarter worth $36,000. Hantz Financial Services Inc. bought a new position in iShares S&P 500 Growth ETF during the fourth quarter worth $40,000. Compass Financial Services Inc acquired a new position in iShares S&P 500 Growth ETF during the 4th quarter valued at $40,000. Finally, Bellevue Asset Management LLC acquired a new position in shares of iShares S&P 500 Growth ETF during the fourth quarter valued at about $42,000.

iShares S&P 500 Growth ETF Trading Up 1.4 %

Shares of NYSEARCA:IVW opened at $94.11 on Friday. iShares S&P 500 Growth ETF has a 1-year low of $79.31 and a 1-year high of $107.14. The business’s 50 day moving average is $93.88 and its 200-day moving average is $99.01. The firm has a market capitalization of $51.27 billion, a PE ratio of 28.32 and a beta of 1.12.

iShares S&P 500 Growth ETF Company 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.