iShares S&P 500 Growth ETF (NYSEARCA:IVW) Shares Purchased by LPL Financial LLC

LPL Financial LLC increased its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 14.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,940,390 shares of the company’s stock after purchasing an additional 2,257,493 shares during the quarter. iShares S&P 500 Growth ETF accounts for approximately 0.7% of LPL Financial LLC’s portfolio, making the stock its 21st biggest position. LPL Financial LLC owned about 3.42% of iShares S&P 500 Growth ETF worth $1,821,488,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BankPlus Trust Department purchased a new position in iShares S&P 500 Growth ETF during the 4th quarter valued at about $36,000. Hantz Financial Services Inc. purchased a new position in iShares S&P 500 Growth ETF during the 4th quarter valued at about $40,000. Compass Financial Services Inc purchased a new position in iShares S&P 500 Growth ETF during the 4th quarter valued at about $40,000. Bellevue Asset Management LLC purchased a new position in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at about $42,000. Finally, POM Investment Strategies LLC boosted its stake in shares of iShares S&P 500 Growth ETF by 194.8% in the 4th quarter. POM Investment Strategies LLC now owns 457 shares of the company’s stock valued at $46,000 after buying an additional 302 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW opened at $94.91 on Friday. The stock has a 50-day simple moving average of $101.47 and a 200-day simple moving average of $99.66. The stock has a market capitalization of $52.41 billion, a PE ratio of 30.05 and a beta of 1.08. iShares S&P 500 Growth ETF has a 1 year low of $79.07 and a 1 year 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.