Parker Investment Management LLC lifted its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 235.4% in the first quarter, HoldingsChannel reports. The firm owned 409,234 shares of the company’s stock after purchasing an additional 287,206 shares during the quarter. iShares S&P 500 Growth ETF comprises about 21.8% of Parker Investment Management LLC’s investment portfolio, making the stock its biggest holding. Parker Investment Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $70,536,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IVW. Wealthquest Corp grew its stake in iShares S&P 500 Growth ETF by 5.0% during the first quarter. Wealthquest Corp now owns 5,858 shares of the company’s stock valued at $1,009,000 after acquiring an additional 281 shares in the last quarter. Dfpg Investments Inc. lifted its position in iShares S&P 500 Growth ETF by 24.4% during the first quarter. Dfpg Investments Inc. now owns 2,134 shares of the company’s stock valued at $373,000 after purchasing an additional 418 shares during the last quarter. Pinnacle Bank lifted its position in iShares S&P 500 Growth ETF by 35.5% during the first quarter. Pinnacle Bank now owns 1,171 shares of the company’s stock valued at $202,000 after purchasing an additional 307 shares during the last quarter. Stony Point Wealth Management Inc. lifted its position in iShares S&P 500 Growth ETF by 1.4% during the first quarter. Stony Point Wealth Management Inc. now owns 12,545 shares of the company’s stock valued at $2,162,000 after purchasing an additional 171 shares during the last quarter. Finally, Personal Capital Advisors Corp bought a new position in iShares S&P 500 Growth ETF during the fourth quarter valued at $206,000.

IVW stock traded up $2.59 during trading on Thursday, hitting $177.04. 10,554 shares of the company’s stock traded hands, compared to its average volume of 748,862. iShares S&P 500 Growth ETF has a 52 week low of $140.49 and a 52 week high of $179.53.

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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.

See Also: Trade Deficit

Want to see what other hedge funds are holding IVW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P 500 Growth ETF (NYSEARCA:IVW).

Institutional Ownership by Quarter for iShares S&P 500 Growth ETF (NYSEARCA:IVW)

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