Newport Capital Group LLC Purchases 76,230 Shares of iShares S&P 500 Growth ETF $IVW

Newport Capital Group LLC purchased a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 76,230 shares of the company’s stock, valued at approximately $10,691,000. iShares S&P 500 Growth ETF comprises approximately 7.2% of Newport Capital Group LLC’s portfolio, making the stock its 4th largest holding.

A number of other large investors also recently modified their holdings of IVW. Bank of America Corp DE increased its holdings in iShares S&P 500 Growth ETF by 6.6% in the 1st quarter. Bank of America Corp DE now owns 19,779,268 shares of the company’s stock worth $2,237,233,000 after purchasing an additional 1,229,382 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of iShares S&P 500 Growth ETF by 5.4% during the first quarter. Cetera Investment Advisers now owns 4,754,617 shares of the company’s stock valued at $537,795,000 after purchasing an additional 245,310 shares in the last quarter. Lido Advisors LLC boosted its stake in shares of iShares S&P 500 Growth ETF by 2.3% during the first quarter. Lido Advisors LLC now owns 3,873,907 shares of the company’s stock valued at $438,178,000 after purchasing an additional 85,467 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of iShares S&P 500 Growth ETF by 5.8% during the first quarter. Royal Bank of Canada now owns 3,539,621 shares of the company’s stock valued at $400,576,000 after purchasing an additional 193,529 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of iShares S&P 500 Growth ETF by 9.6% during the first quarter. Janney Montgomery Scott LLC now owns 2,416,574 shares of the company’s stock valued at $273,339,000 after purchasing an additional 211,952 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA:IVW traded down $2.74 during midday trading on Friday, hitting $138.93. 2,952,045 shares of the stock were exchanged, compared to its average volume of 3,015,123. The business’s 50-day moving average price is $141.13 and its 200 day moving average price is $135.73. iShares S&P 500 Growth ETF has a 12 month low of $108.13 and a 12 month high of $146.83. The stock has a market capitalization of $76.86 billion, a price-to-earnings 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.