JMG Financial Group Ltd. lowered its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) by 44.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,572 shares of the company’s stock after selling 12,560 shares during the quarter. JMG Financial Group Ltd.’s holdings in iShares S&P 500 Growth ETF were worth $1,761,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley grew its stake in iShares S&P 500 Growth ETF by 0.6% during the fourth quarter. Morgan Stanley now owns 33,646,152 shares of the company’s stock worth $4,147,225,000 after buying an additional 186,391 shares during the last quarter. LPL Financial LLC raised its stake in shares of iShares S&P 500 Growth ETF by 1.8% in the fourth quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock valued at $2,442,579,000 after acquiring an additional 357,495 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of iShares S&P 500 Growth ETF by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 15,021,156 shares of the company’s stock valued at $1,851,508,000 after acquiring an additional 80,216 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of iShares S&P 500 Growth ETF by 3.4% in the 4th quarter. Cetera Investment Advisers now owns 4,509,307 shares of the company’s stock worth $555,817,000 after acquiring an additional 146,739 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of iShares S&P 500 Growth ETF by 1.1% in the 4th quarter. Raymond James Financial Inc. now owns 4,354,800 shares of the company’s stock worth $536,773,000 after acquiring an additional 45,738 shares in the last quarter.
iShares S&P 500 Growth ETF Price Performance
NYSEARCA IVW opened at $134.69 on Tuesday. The firm has a market cap of $73.53 billion, a PE ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a one year low of $108.13 and a one year high of $141.98. The stock’s 50 day simple moving average is $136.65 and its 200 day simple moving average is $127.13.
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. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.
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