HighTower Advisors LLC Raises Holdings in iShares S&P 500 Growth ETF $IVW

HighTower Advisors LLC raised its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 6.5% during the third quarter, Holdings Channel.com reports. The firm owned 1,998,086 shares of the company’s stock after purchasing an additional 122,450 shares during the period. HighTower Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $241,211,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Davis Capital Management purchased a new stake in iShares S&P 500 Growth ETF in the 3rd quarter valued at about $28,000. Howe & Rusling Inc. increased its position in shares of iShares S&P 500 Growth ETF by 484.1% during the third quarter. Howe & Rusling Inc. now owns 257 shares of the company’s stock valued at $31,000 after acquiring an additional 213 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of iShares S&P 500 Growth ETF in the 2nd quarter valued at approximately $30,000. Financial Consulate Inc. acquired a new position in shares of iShares S&P 500 Growth ETF in the 3rd quarter worth approximately $41,000. Finally, Morgan Dempsey Capital Management LLC purchased a new position in shares of iShares S&P 500 Growth ETF during the 2nd quarter worth approximately $44,000.

iShares S&P 500 Growth ETF Stock Down 0.4%

Shares of NYSEARCA IVW opened at $119.01 on Friday. The business’s 50 day moving average is $123.20 and its two-hundred day moving average is $120.71. iShares S&P 500 Growth ETF has a 52-week low of $79.31 and a 52-week high of $126.61. The firm has a market cap of $63.88 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11.

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.