Novem Group Increases Position in iShares S&P 500 Growth ETF $IVW

Novem Group lifted its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 55.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 58,379 shares of the company’s stock after acquiring an additional 20,910 shares during the period. iShares S&P 500 Growth ETF accounts for 0.8% of Novem Group’s investment portfolio, making the stock its 21st biggest holding. Novem Group’s holdings in iShares S&P 500 Growth ETF were worth $8,029,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley increased its holdings in shares of iShares S&P 500 Growth ETF by 0.6% in the fourth 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 holdings in shares of iShares S&P 500 Growth ETF by 1.8% during the fourth quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock worth $2,442,579,000 after purchasing an additional 357,495 shares during the period. Bank of America Corp DE lifted its holdings in shares of iShares S&P 500 Growth ETF by 6.6% during the first quarter. Bank of America Corp DE now owns 19,779,268 shares of the company’s stock worth $2,237,233,000 after purchasing an additional 1,229,382 shares during the period. Wells Fargo & Company MN boosted its position in iShares S&P 500 Growth ETF by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 15,021,156 shares of the company’s stock valued at $1,851,508,000 after buying an additional 80,216 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in iShares S&P 500 Growth ETF by 5.4% in the first quarter. Cetera Investment Advisers now owns 4,754,617 shares of the company’s stock valued at $537,795,000 after buying an additional 245,310 shares during the last quarter.

iShares S&P 500 Growth ETF Trading Up 0.7%

Shares of NYSEARCA:IVW opened at $142.54 on Friday. iShares S&P 500 Growth ETF has a twelve month low of $108.13 and a twelve month high of $143.26. The company has a market cap of $77.82 billion, a PE ratio of 33.33 and a beta of 1.17. The company’s 50 day moving average is $136.39 and its 200 day moving average is $128.86.

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. 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.