Palouse Capital Management Inc. Takes $252,000 Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Palouse Capital Management Inc. bought a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,480 shares of the company’s stock, valued at approximately $252,000.

Other institutional investors have also modified their holdings of the company. Lee Financial Co increased its stake in iShares S&P 500 Growth ETF by 1.8% in the 4th quarter. Lee Financial Co now owns 346,205 shares of the company’s stock valued at $35,150,000 after buying an additional 6,007 shares during the period. Strategic Financial Concepts LLC increased its stake in iShares S&P 500 Growth ETF by 12.5% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,714 shares of the company’s stock valued at $479,000 after buying an additional 525 shares during the period. Principal Securities Inc. increased its stake in iShares S&P 500 Growth ETF by 4.7% in the 4th quarter. Principal Securities Inc. now owns 336,510 shares of the company’s stock valued at $34,166,000 after buying an additional 14,974 shares during the period. Lakeridge Wealth Management LLC increased its stake in iShares S&P 500 Growth ETF by 2.5% in the 4th quarter. Lakeridge Wealth Management LLC now owns 10,180 shares of the company’s stock valued at $1,034,000 after buying an additional 250 shares during the period. Finally, Montag A & Associates Inc. increased its stake in iShares S&P 500 Growth ETF by 2.5% in the 4th quarter. Montag A & Associates Inc. now owns 9,053 shares of the company’s stock valued at $919,000 after buying an additional 218 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW opened at $106.63 on Friday. The stock has a market capitalization of $55.86 billion, a P/E ratio of 28.52 and a beta of 1.14. The company’s fifty day moving average is $103.85 and its two-hundred day moving average is $98.24. iShares S&P 500 Growth ETF has a 1 year low of $79.07 and a 1 year high of $107.14.

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.