McAdam LLC Boosts Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

McAdam LLC increased its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 5.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,401 shares of the company’s stock after buying an additional 255 shares during the quarter. McAdam LLC’s holdings in iShares S&P 500 Growth ETF were worth $548,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IVW. MA Private Wealth increased its holdings in iShares S&P 500 Growth ETF by 1.9% during the 4th quarter. MA Private Wealth now owns 323,946 shares of the company’s stock worth $32,890,000 after acquiring an additional 6,074 shares during the period. Golden State Equity Partners purchased a new position in shares of iShares S&P 500 Growth ETF during the 4th quarter valued at $416,000. Avantra Family Wealth Inc. bought a new position in shares of iShares S&P 500 Growth ETF in the fourth quarter worth $1,337,000. Spire Wealth Management raised its position in shares of iShares S&P 500 Growth ETF by 3.0% in the fourth quarter. Spire Wealth Management now owns 203,899 shares of the company’s stock worth $20,702,000 after buying an additional 5,985 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its stake in iShares S&P 500 Growth ETF by 9.2% during the fourth quarter. DAVENPORT & Co LLC now owns 12,782 shares of the company’s stock valued at $1,298,000 after buying an additional 1,075 shares during the period.

iShares S&P 500 Growth ETF Stock Down 0.5 %

Shares of NYSEARCA IVW opened at $104.19 on Monday. The firm has a market capitalization of $54.59 billion, a P/E ratio of 28.52 and a beta of 1.14. The stock’s 50-day simple moving average is $103.12 and its two-hundred day simple moving average is $97.33. iShares S&P 500 Growth ETF has a twelve month low of $77.20 and a twelve month high of $107.14.

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.