Townsend & Associates Inc raised its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 5.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 10,542 shares of the company’s stock after buying an additional 521 shares during the period. iShares S&P 500 Growth ETF comprises approximately 1.8% of Townsend & Associates Inc’s holdings, making the stock its 19th largest position. Townsend & Associates Inc’s holdings in iShares S&P 500 Growth ETF were worth $2,076,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in IVW. Harvest Group Wealth Management LLC acquired a new position in shares of iShares S&P 500 Growth ETF in the 3rd quarter worth approximately $55,000. MAI Capital Management grew its stake in shares of iShares S&P 500 Growth ETF by 0.3% in the 3rd quarter. MAI Capital Management now owns 112,588 shares of the company’s stock worth $20,269,000 after purchasing an additional 286 shares during the last quarter. Lowe Brockenbrough & Co. Inc. grew its stake in shares of iShares S&P 500 Growth ETF by 15.0% in the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 17,145 shares of the company’s stock worth $3,087,000 after purchasing an additional 2,239 shares during the last quarter. Vestor Capital LLC grew its stake in shares of iShares S&P 500 Growth ETF by 7.2% in the 3rd quarter. Vestor Capital LLC now owns 26,920 shares of the company’s stock worth $4,846,000 after purchasing an additional 1,806 shares during the last quarter. Finally, Foster Dykema Cabot & Co. Inc. MA grew its stake in shares of iShares S&P 500 Growth ETF by 1.2% in the 3rd quarter. Foster Dykema Cabot & Co. Inc. MA now owns 154,040 shares of the company’s stock worth $27,732,000 after purchasing an additional 1,807 shares during the last quarter.

Shares of IVW traded down $0.72 during mid-day trading on Tuesday, hitting $199.36. The company’s stock had a trading volume of 356,400 shares, compared to its average volume of 536,005. The firm has a 50-day moving average price of $192.27 and a 200 day moving average price of $184.09. iShares S&P 500 Growth ETF has a fifty-two week low of $155.09 and a fifty-two week high of $200.33.

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a $1.1915 dividend. This is an increase from iShares S&P 500 Growth ETF’s previous quarterly dividend of $0.75. This represents a $4.77 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Monday, December 16th.

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.

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

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