Bank of New York Mellon Corp Grows Stock Position in iShares S&P 500 Growth ETF $IVW

Bank of New York Mellon Corp increased its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.4% in the 3rd quarter, Holdings Channel reports. The firm owned 1,649,365 shares of the company’s stock after purchasing an additional 22,779 shares during the period. Bank of New York Mellon Corp’s holdings in iShares S&P 500 Growth ETF were worth $199,111,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its stake in shares of iShares S&P 500 Growth ETF by 6.9% in the second quarter. Ameriprise Financial Inc. now owns 8,499,823 shares of the company’s stock worth $935,874,000 after buying an additional 547,663 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in iShares S&P 500 Growth ETF by 1.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,568,243 shares of the company’s stock valued at $613,064,000 after acquiring an additional 76,455 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in iShares S&P 500 Growth ETF by 1.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,599,847 shares of the company’s stock valued at $396,343,000 after acquiring an additional 66,596 shares during the last quarter. Lido Advisors LLC lifted its stake in iShares S&P 500 Growth ETF by 6.4% in the 2nd quarter. Lido Advisors LLC now owns 3,418,138 shares of the company’s stock worth $376,337,000 after purchasing an additional 205,322 shares in the last quarter. Finally, MML Investors Services LLC lifted its stake in iShares S&P 500 Growth ETF by 0.4% in the 2nd quarter. MML Investors Services LLC now owns 3,333,902 shares of the company’s stock worth $367,063,000 after purchasing an additional 13,849 shares in the last quarter.

iShares S&P 500 Growth ETF Price Performance

IVW stock opened at $123.89 on Friday. The business has a 50 day simple moving average of $123.62 and a 200-day simple moving average of $120.07. The firm has a market capitalization of $66.41 billion, a PE ratio of 33.33 and a beta of 1.11. iShares S&P 500 Growth ETF has a 1 year low of $79.31 and a 1 year high of $126.61.

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.