Horst & Graben Wealth Management LLC Grows Stock Holdings in iShares S&P 500 Growth ETF $IVW

Horst & Graben Wealth Management LLC boosted its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 4.1% during the first quarter, HoldingsChannel.com reports. The fund owned 262,431 shares of the company’s stock after buying an additional 10,352 shares during the quarter. iShares S&P 500 Growth ETF makes up 4.2% of Horst & Graben Wealth Management LLC’s portfolio, making the stock its 5th biggest position. Horst & Graben Wealth Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $29,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Focus Partners Wealth lifted its holdings in shares of iShares S&P 500 Growth ETF by 81.0% in the fourth quarter. Focus Partners Wealth now owns 1,920,546 shares of the company’s stock valued at $236,725,000 after purchasing an additional 859,584 shares in the last quarter. Valpey Financial Services LLC boosted its position in shares of iShares S&P 500 Growth ETF by 11,889.3% during the fourth quarter. Valpey Financial Services LLC now owns 712,286 shares of the company’s stock valued at $87,796,000 after buying an additional 706,345 shares during the last quarter. Align Financial LLC bought a new stake in iShares S&P 500 Growth ETF during the fourth quarter worth $49,180,000. MML Investors Services LLC raised its position in iShares S&P 500 Growth ETF by 10.9% in the 4th quarter. MML Investors Services LLC now owns 3,645,204 shares of the company’s stock valued at $449,308,000 after buying an additional 358,496 shares during the last quarter. Finally, LPL Financial LLC raised its position in iShares S&P 500 Growth ETF by 1.8% in the 4th quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock valued at $2,442,579,000 after buying an additional 357,495 shares during the last quarter.

iShares S&P 500 Growth ETF Price Performance

IVW opened at $136.06 on Wednesday. The company has a market capitalization of $74.15 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. The firm’s fifty day moving average price is $135.84 and its two-hundred day moving average price is $126.32. iShares S&P 500 Growth ETF has a 1 year low of $108.13 and a 1 year high of $141.98.

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.