Magnus Financial Group LLC Has $3.49 Million Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Magnus Financial Group LLC raised its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 9.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 34,373 shares of the company’s stock after purchasing an additional 2,964 shares during the quarter. Magnus Financial Group LLC’s holdings in iShares S&P 500 Growth ETF were worth $3,490,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. River Street Advisors LLC grew its position in shares of iShares S&P 500 Growth ETF by 17.5% in the 3rd quarter. River Street Advisors LLC now owns 9,981 shares of the company’s stock valued at $956,000 after purchasing an additional 1,483 shares during the period. NewEdge Advisors LLC grew its position in shares of iShares S&P 500 Growth ETF by 87.6% in the 2nd quarter. NewEdge Advisors LLC now owns 1,485,754 shares of the company’s stock valued at $137,492,000 after purchasing an additional 693,848 shares during the period. Citigroup Inc. grew its position in shares of iShares S&P 500 Growth ETF by 11.5% in the 3rd quarter. Citigroup Inc. now owns 336,250 shares of the company’s stock valued at $32,196,000 after purchasing an additional 34,624 shares during the period. Hsbc Holdings PLC grew its position in shares of iShares S&P 500 Growth ETF by 18.3% in the 2nd quarter. Hsbc Holdings PLC now owns 122,400 shares of the company’s stock valued at $11,326,000 after purchasing an additional 18,900 shares during the period. Finally, Semmax Financial Advisors Inc. grew its position in shares of iShares S&P 500 Growth ETF by 75.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 11,873 shares of the company’s stock valued at $1,073,000 after purchasing an additional 5,117 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW opened at $105.99 on Wednesday. The stock has a 50 day simple moving average of $102.29 and a 200 day simple moving average of $96.85. iShares S&P 500 Growth ETF has a 52-week low of $77.20 and a 52-week high of $105.64. The firm has a market capitalization of $55.53 billion, a PE ratio of 28.52 and a beta of 1.14.

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.