Farther Finance Advisors LLC Raises Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Farther Finance Advisors LLC increased its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 15.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 277,321 shares of the company’s stock after acquiring an additional 36,356 shares during the period. iShares S&P 500 Growth ETF makes up about 1.0% of Farther Finance Advisors LLC’s investment portfolio, making the stock its 14th largest position. Farther Finance Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $28,156,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its holdings in shares of iShares S&P 500 Growth ETF by 7.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 19,109 shares of the company’s stock worth $1,940,000 after buying an additional 1,242 shares during the last quarter. PFG Advisors grew its holdings in shares of iShares S&P 500 Growth ETF by 0.9% during the fourth quarter. PFG Advisors now owns 57,020 shares of the company’s stock worth $5,789,000 after buying an additional 516 shares during the last quarter. Moors & Cabot Inc. purchased a new position in shares of iShares S&P 500 Growth ETF during the fourth quarter worth about $216,000. Natural Investments LLC purchased a new position in shares of iShares S&P 500 Growth ETF during the fourth quarter worth about $203,000. Finally, Wealthfront Advisers LLC purchased a new position in shares of iShares S&P 500 Growth ETF during the fourth quarter worth about $350,009,000.

iShares S&P 500 Growth ETF Stock Down 0.2 %

NYSEARCA IVW opened at $92.75 on Wednesday. The firm has a market cap of $51.22 billion, a P/E ratio of 30.05 and a beta of 1.08. iShares S&P 500 Growth ETF has a 52-week low of $79.07 and a 52-week high of $107.14. The business’s 50-day moving average price is $102.77 and its 200 day moving average price is $99.61.

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.