Redwood Investment Management LLC Grows Stock Holdings in iShares S&P 500 Growth ETF $IVW

Redwood Investment Management LLC lifted its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 13.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,076 shares of the company’s stock after purchasing an additional 4,859 shares during the quarter. iShares S&P 500 Growth ETF comprises approximately 0.6% of Redwood Investment Management LLC’s holdings, making the stock its 25th largest position. Redwood Investment Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $4,759,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Morgan Stanley raised its position in shares of iShares S&P 500 Growth ETF by 0.6% in the 4th quarter. Morgan Stanley now owns 33,646,152 shares of the company’s stock worth $4,147,225,000 after purchasing an additional 186,391 shares during the last quarter. LPL Financial LLC boosted its stake in iShares S&P 500 Growth ETF by 1.8% in the 4th quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock worth $2,442,579,000 after purchasing an additional 357,495 shares in the last quarter. Bank of America Corp DE grew its position in iShares S&P 500 Growth ETF by 6.6% during the 1st quarter. Bank of America Corp DE now owns 19,779,268 shares of the company’s stock valued at $2,237,233,000 after purchasing an additional 1,229,382 shares during the last quarter. Wells Fargo & Company MN grew 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 valued at $1,851,508,000 after purchasing an additional 80,216 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in iShares S&P 500 Growth ETF by 5.4% during the 1st quarter. Cetera Investment Advisers now owns 4,754,617 shares of the company’s stock valued at $537,795,000 after purchasing an additional 245,310 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA:IVW opened at $135.25 on Monday. The firm has a market cap of $73.85 billion, a P/E ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a fifty-two week low of $108.13 and a fifty-two week high of $141.98. The firm has a 50-day simple moving average of $136.10 and a two-hundred day simple moving average of $127.73.

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.