65,976 Shares in iShares S&P 500 Growth ETF $IVW Acquired by Portfolio Resources Advisor Group Inc.

Portfolio Resources Advisor Group Inc. bought a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 65,976 shares of the company’s stock, valued at approximately $8,132,000. iShares S&P 500 Growth ETF makes up 8.1% of Portfolio Resources Advisor Group Inc.’s portfolio, making the stock its 2nd biggest position.

Several other hedge funds have also added to or reduced their stakes in the business. Morgan Stanley boosted its position in iShares S&P 500 Growth ETF by 0.6% during the 4th quarter. Morgan Stanley now owns 33,646,152 shares of the company’s stock worth $4,147,225,000 after buying an additional 186,391 shares during the period. LPL Financial LLC boosted its position in iShares S&P 500 Growth ETF by 1.8% during the 4th quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock worth $2,442,579,000 after buying an additional 357,495 shares during the period. Wells Fargo & Company MN boosted its position in iShares S&P 500 Growth ETF by 0.5% during the 4th quarter. Wells Fargo & Company MN now owns 15,021,156 shares of the company’s stock worth $1,851,508,000 after buying an additional 80,216 shares during the period. UBS Group AG boosted its position in iShares S&P 500 Growth ETF by 0.9% during the 3rd quarter. UBS Group AG now owns 8,911,282 shares of the company’s stock worth $1,075,770,000 after buying an additional 76,602 shares during the period. Finally, Raymond James Financial Inc. boosted its position in iShares S&P 500 Growth ETF by 1.2% during the 3rd quarter. Raymond James Financial Inc. now owns 4,309,062 shares of the company’s stock worth $520,190,000 after buying an additional 52,514 shares during the period.

iShares S&P 500 Growth ETF Price Performance

NYSEARCA:IVW opened at $135.00 on Monday. The firm’s 50 day simple moving average is $131.40 and its 200 day simple moving average is $124.79. iShares S&P 500 Growth ETF has a one year low of $104.21 and a one year 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.

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.