Kovack Advisors Inc. Increases Position in iShares S&P 500 Growth ETF $IVW

Kovack Advisors Inc. increased its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 133.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,716 shares of the company’s stock after acquiring an additional 17,011 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares S&P 500 Growth ETF were worth $3,663,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new position in shares of iShares S&P 500 Growth ETF in the 4th quarter worth about $28,000. Turning Point Benefit Group Inc. purchased a new stake in iShares S&P 500 Growth ETF during the third quarter worth about $28,000. Darwin Wealth Management LLC bought a new stake in iShares S&P 500 Growth ETF in the second quarter worth about $30,000. Entrust Financial LLC purchased a new position in iShares S&P 500 Growth ETF in the fourth quarter valued at about $33,000. Finally, Carolina Wealth Advisors LLC purchased a new position in iShares S&P 500 Growth ETF in the fourth quarter valued at about $36,000.

iShares S&P 500 Growth ETF Trading Up 2.2%

NYSEARCA:IVW opened at $134.50 on Friday. The firm’s 50 day moving average is $130.99 and its 200 day moving average is $124.69. iShares S&P 500 Growth ETF has a 12 month low of $104.21 and a 12 month high of $141.98. The stock has a market capitalization of $72.89 billion, a PE ratio of 33.33 and a beta of 1.17.

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. 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.