Arax Advisory Partners Invests $25.08 Million in iShares S&P 500 Growth ETF $IVW

Arax Advisory Partners purchased a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 203,450 shares of the company’s stock, valued at approximately $25,077,000.

Other hedge funds have also modified their holdings of the company. Decker Retirement Planning Inc. acquired a new position in shares of iShares S&P 500 Growth ETF in the fourth quarter worth $28,000. Turning Point Benefit Group Inc. acquired a new position in shares of iShares S&P 500 Growth ETF in the third quarter worth $28,000. Darwin Wealth Management LLC acquired a new position in shares of iShares S&P 500 Growth ETF in the second quarter worth $30,000. Entrust Financial LLC acquired a new position in shares of iShares S&P 500 Growth ETF in the fourth quarter worth $33,000. Finally, Carolina Wealth Advisors LLC acquired a new position in shares of iShares S&P 500 Growth ETF in the fourth quarter worth $36,000.

iShares S&P 500 Growth ETF Trading Up 0.4%

NYSEARCA IVW opened at $135.00 on Friday. iShares S&P 500 Growth ETF has a 1-year low of $104.21 and a 1-year high of $141.98. The company has a market capitalization of $73.16 billion, a PE ratio of 33.33 and a beta of 1.17. The firm’s fifty day simple moving average is $131.40 and its 200-day simple moving average is $124.77.

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.