Personal Wealth Partners purchased a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 63,784 shares of the company’s stock, valued at approximately $10,994,000. iShares S&P 500 Growth ETF makes up about 5.8% of Personal Wealth Partners’ holdings, making the stock its 5th largest position.
A number of other hedge funds also recently added to or reduced their stakes in IVW. Bank of America Corp DE grew its holdings in iShares S&P 500 Growth ETF by 2.8% in the fourth quarter. Bank of America Corp DE now owns 5,696,908 shares of the company’s stock worth $858,353,000 after purchasing an additional 155,260 shares during the period. PNC Financial Services Group Inc. grew its holdings in iShares S&P 500 Growth ETF by 56.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,679,058 shares of the company’s stock worth $403,654,000 after purchasing an additional 971,693 shares during the period. LPL Financial LLC grew its holdings in iShares S&P 500 Growth ETF by 3.9% in the fourth quarter. LPL Financial LLC now owns 2,469,242 shares of the company’s stock worth $372,041,000 after purchasing an additional 92,302 shares during the period. CHURCHILL MANAGEMENT Corp grew its holdings in iShares S&P 500 Growth ETF by 2.6% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 1,869,982 shares of the company’s stock worth $322,310,000 after purchasing an additional 47,149 shares during the period. Finally, BlackRock Inc. grew its holdings in iShares S&P 500 Growth ETF by 17.6% in the fourth quarter. BlackRock Inc. now owns 1,386,720 shares of the company’s stock worth $208,937,000 after purchasing an additional 207,272 shares during the period.
Shares of NYSEARCA:IVW traded down $0.38 during trading on Wednesday, reaching $175.72. 9,712 shares of the stock traded hands, compared to its average volume of 814,502. iShares S&P 500 Growth ETF has a 52-week low of $140.49 and a 52-week high of $178.61.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 21st were issued a dividend of $0.5871 per share. This is a boost from iShares S&P 500 Growth ETF’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $2.35 dividend on an annualized basis and a dividend yield of 1.34%.
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iShares S&P 500 Growth ETF 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.
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