Investment Advisory Group LLC Raises Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Investment Advisory Group LLC grew its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 13.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 74,516 shares of the company’s stock after buying an additional 9,019 shares during the period. iShares S&P 500 Growth ETF accounts for 2.5% of Investment Advisory Group LLC’s portfolio, making the stock its 8th largest position. Investment Advisory Group LLC’s holdings in iShares S&P 500 Growth ETF were worth $7,566,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of IVW. International Assets Investment Management LLC boosted its holdings in shares of iShares S&P 500 Growth ETF by 10,365.3% in the third quarter. International Assets Investment Management LLC now owns 1,584,755 shares of the company’s stock valued at $151,740,000 after purchasing an additional 1,569,612 shares during the period. Sanctuary Advisors LLC purchased a new stake in iShares S&P 500 Growth ETF during the second quarter worth $100,688,000. The Manufacturers Life Insurance Company purchased a new stake in iShares S&P 500 Growth ETF during the third quarter worth $82,464,000. Cetera Investment Advisers lifted its holdings in iShares S&P 500 Growth ETF by 30.5% during the second quarter. Cetera Investment Advisers now owns 3,320,633 shares of the company’s stock worth $307,291,000 after buying an additional 775,318 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in iShares S&P 500 Growth ETF by 87.6% during the second quarter. NewEdge Advisors LLC now owns 1,485,754 shares of the company’s stock worth $137,492,000 after buying an additional 693,848 shares during the period.

iShares S&P 500 Growth ETF Trading Up 1.0 %

Shares of IVW opened at $104.84 on Wednesday. iShares S&P 500 Growth ETF has a 12 month low of $77.20 and a 12 month high of $105.64. The stock has a fifty day moving average price of $102.29 and a 200-day moving average price of $96.85. The firm has a market cap of $54.93 billion, a PE ratio of 28.52 and a beta of 1.14.

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.