Balefire LLC Purchases New Position in iShares S&P 500 Growth ETF $IVW

Balefire LLC acquired a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the first quarter, HoldingsChannel.com reports. The firm acquired 8,599 shares of the company’s stock, valued at approximately $973,000.

A number of other institutional investors and hedge funds have also modified their holdings of IVW. Calamos Advisors LLC lifted its holdings in shares of iShares S&P 500 Growth ETF by 2,637.2% during the first quarter. Calamos Advisors LLC now owns 1,168,503 shares of the company’s stock valued at $132,169,000 after purchasing an additional 1,125,813 shares in the last quarter. Focus Partners Wealth increased its holdings in iShares S&P 500 Growth ETF by 81.0% in the 4th quarter. Focus Partners Wealth now owns 1,920,546 shares of the company’s stock worth $236,725,000 after buying an additional 859,584 shares in the last quarter. Fifth Third Bancorp raised its position in iShares S&P 500 Growth ETF by 131.3% in the 1st quarter. Fifth Third Bancorp now owns 1,497,810 shares of the company’s stock worth $169,417,000 after buying an additional 850,349 shares during the last quarter. Valpey Financial Services LLC raised its position in iShares S&P 500 Growth ETF by 11,889.3% in the 4th quarter. Valpey Financial Services LLC now owns 712,286 shares of the company’s stock worth $87,796,000 after buying an additional 706,345 shares during the last quarter. Finally, Align Financial LLC bought a new position in iShares S&P 500 Growth ETF during the 4th quarter valued at about $49,180,000.

iShares S&P 500 Growth ETF Price Performance

Shares of NYSEARCA IVW opened at $134.26 on Monday. The firm’s 50-day moving average price is $136.68 and its 200-day moving average price is $127.06. iShares S&P 500 Growth ETF has a 52-week low of $108.13 and a 52-week high of $141.98. The company has a market cap of $73.16 billion, a PE 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.