Align Financial LLC Buys Shares of 398,993 iShares S&P 500 Growth ETF $IVW

Align Financial LLC bought a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 398,993 shares of the company’s stock, valued at approximately $49,180,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Morgan Stanley increased its holdings in iShares S&P 500 Growth ETF by 0.6% in the fourth quarter. Morgan Stanley now owns 33,646,152 shares of the company’s stock valued at $4,147,225,000 after buying an additional 186,391 shares in the last quarter. LPL Financial LLC increased its holdings in iShares S&P 500 Growth ETF by 1.8% in the fourth quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock valued at $2,442,579,000 after buying an additional 357,495 shares in the last quarter. Wells Fargo & Company MN increased its holdings 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 valued at $1,851,508,000 after buying an additional 80,216 shares in the last quarter. UBS Group AG increased its holdings in iShares S&P 500 Growth ETF by 0.9% in the third quarter. UBS Group AG now owns 8,911,282 shares of the company’s stock valued at $1,075,770,000 after buying an additional 76,602 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in iShares S&P 500 Growth ETF by 3.4% in the fourth quarter. Cetera Investment Advisers now owns 4,509,307 shares of the company’s stock valued at $555,817,000 after buying an additional 146,739 shares in the last quarter.

iShares S&P 500 Growth ETF Trading Down 1.1%

Shares of iShares S&P 500 Growth ETF stock opened at $135.68 on Thursday. iShares S&P 500 Growth ETF has a 12-month low of $104.21 and a 12-month high of $141.98. The stock has a market cap of $73.53 billion, a PE ratio of 33.33 and a beta of 1.17. The company has a 50-day moving average of $132.74 and a two-hundred day moving average of $125.09.

iShares S&P 500 Growth ETF Company 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.