Brookstone Capital Management Has $35.33 Million Stake in iShares S&P 500 Growth ETF $IVW

Brookstone Capital Management grew its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 31.7% during the first quarter, Holdings Channel reports. The firm owned 312,365 shares of the company’s stock after purchasing an additional 75,198 shares during the period. Brookstone Capital Management’s holdings in iShares S&P 500 Growth ETF were worth $35,332,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Morgan Stanley lifted its position in shares of iShares S&P 500 Growth ETF by 0.6% during the 4th quarter. Morgan Stanley now owns 33,646,152 shares of the company’s stock worth $4,147,225,000 after buying an additional 186,391 shares in the last quarter. LPL Financial LLC lifted its holdings in iShares S&P 500 Growth ETF by 1.8% during the fourth quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock worth $2,442,579,000 after acquiring an additional 357,495 shares during the period. Wells Fargo & Company MN boosted its position in iShares S&P 500 Growth ETF by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 15,021,156 shares of the company’s stock worth $1,851,508,000 after purchasing an additional 80,216 shares during the last quarter. UBS Group AG grew its stake in iShares S&P 500 Growth ETF by 0.9% in the 3rd quarter. UBS Group AG now owns 8,911,282 shares of the company’s stock valued at $1,075,770,000 after purchasing an additional 76,602 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of iShares S&P 500 Growth ETF by 3.4% during the 4th quarter. Cetera Investment Advisers now owns 4,509,307 shares of the company’s stock valued at $555,817,000 after purchasing an additional 146,739 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Performance

IVW opened at $137.96 on Monday. iShares S&P 500 Growth ETF has a fifty-two week low of $104.21 and a fifty-two week high of $141.98. The firm has a 50-day moving average of $133.56 and a 200 day moving average of $125.30. The firm has a market cap of $74.77 billion, a P/E 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.