71 West Capital Partners Acquires New Position in iShares S&P 500 Growth ETF $IVW

71 West Capital Partners acquired a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,708 shares of the company’s stock, valued at approximately $1,073,000.

A number of other hedge funds have also recently added to or reduced their stakes in IVW. United Bank lifted its position in shares of iShares S&P 500 Growth ETF by 4.6% during the 2nd quarter. United Bank now owns 52,096 shares of the company’s stock valued at $5,736,000 after acquiring an additional 2,280 shares during the period. Schnieders Capital Management LLC. acquired a new stake in shares of iShares S&P 500 Growth ETF during the 2nd quarter valued at approximately $600,000. Russell Investments Group Ltd. lifted its position in shares of iShares S&P 500 Growth ETF by 13.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,992 shares of the company’s stock valued at $660,000 after acquiring an additional 707 shares during the period. First Trust Advisors LP lifted its position in shares of iShares S&P 500 Growth ETF by 15.4% during the 2nd quarter. First Trust Advisors LP now owns 31,834 shares of the company’s stock valued at $3,505,000 after acquiring an additional 4,238 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in shares of iShares S&P 500 Growth ETF during the 2nd quarter valued at approximately $244,000.

iShares S&P 500 Growth ETF Trading Up 2.8%

IVW stock opened at $138.73 on Tuesday. The firm has a 50 day moving average of $131.88 and a 200-day moving average of $124.91. iShares S&P 500 Growth ETF has a 12-month low of $104.21 and a 12-month high of $141.98. The company has a market cap of $75.18 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17.

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.