Gerald Baker Financial Group LLC purchased a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,378 shares of the company’s stock, valued at approximately $835,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley grew its stake in shares of iShares S&P 500 Growth ETF by 0.6% in the 4th quarter. Morgan Stanley now owns 33,646,152 shares of the company’s stock valued at $4,147,225,000 after purchasing an additional 186,391 shares during the period. LPL Financial LLC lifted its position in shares of iShares S&P 500 Growth ETF by 1.8% during the 4th quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock worth $2,442,579,000 after buying an additional 357,495 shares during the period. Wells Fargo & Company MN lifted its position in shares of iShares S&P 500 Growth ETF by 0.5% during the 4th quarter. Wells Fargo & Company MN now owns 15,021,156 shares of the company’s stock worth $1,851,508,000 after buying an additional 80,216 shares during the period. Cetera Investment Advisers lifted its position in shares of iShares S&P 500 Growth ETF by 3.4% during the 4th quarter. Cetera Investment Advisers now owns 4,509,307 shares of the company’s stock worth $555,817,000 after buying an additional 146,739 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in iShares S&P 500 Growth ETF by 1.1% in the 4th quarter. Raymond James Financial Inc. now owns 4,354,800 shares of the company’s stock valued at $536,773,000 after buying an additional 45,738 shares in the last quarter.
iShares S&P 500 Growth ETF Price Performance
Shares of NYSEARCA:IVW opened at $136.26 on Friday. The business’s fifty day moving average price is $136.71 and its two-hundred day moving average price is $126.99. iShares S&P 500 Growth ETF has a fifty-two week low of $108.13 and a fifty-two week high of $141.98. The stock has a market capitalization of $74.22 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17.
About iShares S&P 500 Growth ETF
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. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.
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