Aspen Investment Management Inc Invests $561,000 in iShares S&P 500 Growth ETF $IVW

Aspen Investment Management Inc acquired a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,554 shares of the company’s stock, valued at approximately $561,000.

Several other institutional investors have also recently modified their holdings of the company. Decker Retirement Planning Inc. purchased a new position in iShares S&P 500 Growth ETF during the fourth quarter valued at approximately $28,000. Turning Point Benefit Group Inc. purchased a new position in iShares S&P 500 Growth ETF during the third quarter valued at approximately $28,000. Howe & Rusling Inc. raised its position in iShares S&P 500 Growth ETF by 484.1% during the third quarter. Howe & Rusling Inc. now owns 257 shares of the company’s stock valued at $31,000 after acquiring an additional 213 shares in the last quarter. Entrust Financial LLC purchased a new position in iShares S&P 500 Growth ETF during the fourth quarter valued at approximately $33,000. Finally, Darwin Wealth Management LLC purchased a new position in iShares S&P 500 Growth ETF during the second quarter valued at approximately $30,000.

iShares S&P 500 Growth ETF Trading Up 1.4%

Shares of IVW stock opened at $136.33 on Thursday. The stock has a 50 day moving average of $123.93 and a 200 day moving average of $122.92. The stock has a market cap of $73.88 billion, a P/E ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a twelve month low of $100.76 and a twelve month high of $139.10.

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. 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.