4,669 Shares in iShares S&P 500 Growth ETF $IVW Purchased by McLean Asset Management Corp

McLean Asset Management Corp acquired a new stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 4,669 shares of the company’s stock, valued at approximately $576,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IVW. Davis Capital Management bought a new position in iShares S&P 500 Growth ETF in the 3rd quarter worth approximately $28,000. Turning Point Benefit Group Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF during the third quarter worth $28,000. Darwin Wealth Management LLC bought a new position in shares of iShares S&P 500 Growth ETF in the second quarter worth $30,000. Howe & Rusling Inc. grew its position in shares of iShares S&P 500 Growth ETF by 484.1% in the third quarter. Howe & Rusling Inc. now owns 257 shares of the company’s stock valued at $31,000 after purchasing an additional 213 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new stake in shares of iShares S&P 500 Growth ETF during the 4th quarter valued at $37,000.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW opened at $114.61 on Thursday. iShares S&P 500 Growth ETF has a 52-week low of $79.31 and a 52-week high of $126.61. The stock’s 50-day simple moving average is $119.22 and its 200 day simple moving average is $121.26. The stock has a market capitalization of $61.52 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11.

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. 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.