MFA Wealth Services Invests $2.51 Million in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

MFA Wealth Services bought a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,692 shares of the company’s stock, valued at approximately $2,507,000. iShares S&P 500 Growth ETF makes up approximately 2.0% of MFA Wealth Services’ investment portfolio, making the stock its 10th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in iShares S&P 500 Growth ETF by 10,365.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,584,755 shares of the company’s stock valued at $151,740,000 after buying an additional 1,569,612 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of iShares S&P 500 Growth ETF in the 2nd quarter valued at $100,688,000. The Manufacturers Life Insurance Company bought a new stake in shares of iShares S&P 500 Growth ETF in the 3rd quarter worth about $82,464,000. Cetera Investment Advisers increased its position in shares of iShares S&P 500 Growth ETF by 30.5% during the 2nd quarter. Cetera Investment Advisers now owns 3,320,633 shares of the company’s stock worth $307,291,000 after purchasing an additional 775,318 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in iShares S&P 500 Growth ETF by 87.6% during 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 last quarter.

iShares S&P 500 Growth ETF Stock Up 0.5 %

NYSEARCA:IVW opened at $106.65 on Friday. The firm has a market cap of $55.87 billion, a PE ratio of 28.52 and a beta of 1.14. The company’s 50-day moving average price is $102.39 and its two-hundred day moving average price is $96.91. iShares S&P 500 Growth ETF has a 12 month low of $77.20 and a 12 month high of $106.65.

iShares S&P 500 Growth ETF 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.