Prism Planning Partners LLC Makes New $630,000 Investment in iShares S&P 500 Growth ETF $IVW

Prism Planning Partners LLC purchased a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the fourth quarter, HoldingsChannel reports. The firm purchased 5,113 shares of the company’s stock, valued at approximately $630,000. iShares S&P 500 Growth ETF makes up about 0.7% of Prism Planning Partners LLC’s portfolio, making the stock its 19th biggest holding.

A number of other institutional investors have also recently bought and sold shares of the business. M Holdings Securities Inc. acquired a new position in iShares S&P 500 Growth ETF during the fourth quarter worth approximately $3,419,000. GWN Securities Inc. increased its position in iShares S&P 500 Growth ETF by 18.1% during the fourth quarter. GWN Securities Inc. now owns 11,505 shares of the company’s stock worth $1,418,000 after buying an additional 1,760 shares during the last quarter. Janney Montgomery Scott LLC increased its position in iShares S&P 500 Growth ETF by 2.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 2,204,622 shares of the company’s stock worth $271,742,000 after buying an additional 52,870 shares during the last quarter. First American Trust FSB increased its position in iShares S&P 500 Growth ETF by 14.8% during the fourth quarter. First American Trust FSB now owns 3,469 shares of the company’s stock worth $428,000 after buying an additional 448 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of iShares S&P 500 Growth ETF by 17.8% during the fourth quarter. Deutsche Bank AG now owns 15,630 shares of the company’s stock worth $1,927,000 after acquiring an additional 2,367 shares during the period.

iShares S&P 500 Growth ETF Stock Down 2.3%

Shares of NYSEARCA:IVW opened at $131.55 on Thursday. iShares S&P 500 Growth ETF has a 12-month low of $104.21 and a 12-month high of $141.98. The stock has a market cap of $71.29 billion, a PE ratio of 33.33 and a beta of 1.17. The business has a 50 day moving average of $130.56 and a 200-day moving average of $124.58.

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.