Hoey Investments Inc. Makes New $80,000 Investment in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Hoey Investments Inc. acquired a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 865 shares of the company’s stock, valued at approximately $80,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in shares of iShares S&P 500 Growth ETF by 1.7% in the 4th quarter. JPMorgan Chase & Co. now owns 44,878,487 shares of the company’s stock valued at $4,556,513,000 after purchasing an additional 764,970 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of iShares S&P 500 Growth ETF by 14.4% in the 4th quarter. LPL Financial LLC now owns 17,940,390 shares of the company’s stock valued at $1,821,488,000 after purchasing an additional 2,257,493 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of iShares S&P 500 Growth ETF by 6.4% in the 4th quarter. Wells Fargo & Company MN now owns 16,602,697 shares of the company’s stock valued at $1,685,672,000 after purchasing an additional 999,882 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of iShares S&P 500 Growth ETF by 2.4% in the 4th quarter. Ameriprise Financial Inc. now owns 7,975,850 shares of the company’s stock valued at $809,740,000 after purchasing an additional 186,796 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of iShares S&P 500 Growth ETF by 2.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,478,191 shares of the company’s stock valued at $556,201,000 after purchasing an additional 148,960 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock opened at $105.10 on Friday. The stock’s fifty day moving average price is $98.05 and its two-hundred day moving average price is $99.81. The company has a market cap of $56.69 billion, a PE ratio of 29.66 and a beta of 1.12. iShares S&P 500 Growth ETF has a fifty-two week low of $79.31 and a fifty-two week 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.