Parallel Advisors LLC Purchases 5,013 Shares of iShares S&P 500 Growth ETF $IVW

Parallel Advisors LLC grew its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 6.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 82,325 shares of the company’s stock after purchasing an additional 5,013 shares during the quarter. Parallel Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $11,712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in IVW. Measured Wealth Private Client Group LLC acquired a new stake in iShares S&P 500 Growth ETF in the 1st quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in iShares S&P 500 Growth ETF by 1,071.4% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 246 shares of the company’s stock valued at $34,000 after acquiring an additional 225 shares in the last quarter. First Pacific Financial bought a new stake in iShares S&P 500 Growth ETF during the 2nd quarter valued at $34,000. GK Wealth Management LLC acquired a new position in iShares S&P 500 Growth ETF during the 3rd quarter worth $41,000. Finally, YANKCOM Partnership acquired a new position in iShares S&P 500 Growth ETF during the 3rd quarter worth $51,000.

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA:IVW traded up $1.21 on Friday, hitting $129.63. The company’s stock had a trading volume of 2,579,546 shares, compared to its average volume of 2,974,324. iShares S&P 500 Growth ETF has a 12 month low of $108.13 and a 12 month high of $146.83. The company has a market capitalization of $71.70 billion, a price-to-earnings ratio of 24.96 and a beta of 1.17. The stock’s 50-day moving average is $140.00 and its two-hundred day moving average is $132.10.

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. 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.