Investment Advisory Group LLC Has $7 Million Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Investment Advisory Group LLC grew its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,425 shares of the company’s stock after purchasing an additional 909 shares during the period. iShares S&P 500 Growth ETF makes up approximately 2.3% of Investment Advisory Group LLC’s investment portfolio, making the stock its 8th largest holding. Investment Advisory Group LLC’s holdings in iShares S&P 500 Growth ETF were worth $7,002,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of iShares S&P 500 Growth ETF during the 4th quarter worth about $456,880,000. Wealthfront Advisers LLC acquired a new position in shares of iShares S&P 500 Growth ETF during the fourth quarter valued at approximately $350,009,000. FIL Ltd acquired a new position in shares of iShares S&P 500 Growth ETF during the fourth quarter valued at approximately $309,434,000. LPL Financial LLC raised its holdings in iShares S&P 500 Growth ETF by 14.4% during the fourth quarter. LPL Financial LLC now owns 17,940,390 shares of the company’s stock worth $1,821,488,000 after purchasing an additional 2,257,493 shares in the last quarter. Finally, Lido Advisors LLC lifted its position in iShares S&P 500 Growth ETF by 49.7% in the fourth quarter. Lido Advisors LLC now owns 3,127,477 shares of the company’s stock worth $317,533,000 after purchasing an additional 1,038,548 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA IVW opened at $105.55 on Monday. The firm has a market cap of $56.93 billion, a P/E ratio of 29.66 and a beta of 1.12. The stock has a fifty day moving average price of $96.15 and a two-hundred day moving average price of $99.60. iShares S&P 500 Growth ETF has a 1 year low of $79.31 and a 1 year high of $107.14.

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.