hemming& Wealth Management Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 183,577 shares of the company’s stock, valued at approximately $22,628,000. iShares S&P 500 Growth ETF comprises about 15.5% of hemming& Wealth Management Inc.’s investment portfolio, making the stock its 2nd largest position.
Several other hedge funds and other institutional investors also recently modified their holdings of IVW. Brookstone Capital Management raised its position in shares of iShares S&P 500 Growth ETF by 5.7% during the 4th quarter. Brookstone Capital Management now owns 237,167 shares of the company’s stock valued at $29,233,000 after buying an additional 12,778 shares in the last quarter. Capital Advantage Inc. grew its position in iShares S&P 500 Growth ETF by 40.9% in the fourth quarter. Capital Advantage Inc. now owns 25,498 shares of the company’s stock worth $3,143,000 after acquiring an additional 7,396 shares in the last quarter. Meridian Wealth Advisors LLC increased its stake in iShares S&P 500 Growth ETF by 75.0% in the third quarter. Meridian Wealth Advisors LLC now owns 41,747 shares of the company’s stock valued at $5,040,000 after acquiring an additional 17,896 shares during the last quarter. Embree Financial Group raised its position in iShares S&P 500 Growth ETF by 61.2% during the fourth quarter. Embree Financial Group now owns 61,699 shares of the company’s stock valued at $7,605,000 after purchasing an additional 23,416 shares in the last quarter. Finally, Lido Advisors LLC raised its position in iShares S&P 500 Growth ETF by 6.5% during the third quarter. Lido Advisors LLC now owns 3,639,449 shares of the company’s stock valued at $439,354,000 after purchasing an additional 221,311 shares in the last quarter.
iShares S&P 500 Growth ETF Price Performance
Shares of IVW stock opened at $137.96 on Friday. The business has a 50-day moving average price of $133.56 and a two-hundred day moving average price of $125.28. iShares S&P 500 Growth ETF has a 12-month low of $104.21 and a 12-month high of $141.98. The firm has a market cap of $74.77 billion, a P/E ratio of 33.33 and a beta of 1.17.
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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Want to see what other hedge funds are holding IVW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report).
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