Bank of New York Mellon Corp raised its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) by 10.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,977,675 shares of the company’s stock after acquiring an additional 190,408 shares during the period. Bank of New York Mellon Corp’s holdings in iShares S&P 500 Growth ETF were worth $223,695,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of the stock. Strive Financial Group LLC purchased a new position in iShares S&P 500 Growth ETF during the fourth quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new position in shares of iShares S&P 500 Growth ETF during the 4th quarter valued at approximately $28,000. Financial Network Wealth Advisors LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 174.4% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after purchasing an additional 143 shares during the period. Turning Point Benefit Group Inc. purchased a new stake in iShares S&P 500 Growth ETF during the third quarter worth $28,000. Finally, Darwin Wealth Management LLC acquired a new stake in iShares S&P 500 Growth ETF during the second quarter valued at $30,000.
iShares S&P 500 Growth ETF Stock Performance
Shares of iShares S&P 500 Growth ETF stock opened at $134.26 on Friday. The firm has a 50-day simple moving average of $136.68 and a two-hundred day simple moving average of $127.04. iShares S&P 500 Growth ETF has a fifty-two week low of $108.13 and a fifty-two week high of $141.98. The company has a market cap of $73.16 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.
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Want to see what other hedge funds are holding IVW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report).
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