Independent Financial Group LLC Takes Position in iShares S&P 500 Growth ETF $IVW

Independent Financial Group LLC purchased a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 40,370 shares of the company’s stock, valued at approximately $4,566,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of IVW. Brookstone Capital Management increased its position in iShares S&P 500 Growth ETF by 5.7% during the 4th quarter. Brookstone Capital Management now owns 237,167 shares of the company’s stock valued at $29,233,000 after purchasing an additional 12,778 shares during the period. Capital Advantage Inc. lifted its position in shares of iShares S&P 500 Growth ETF by 40.9% in the 4th quarter. Capital Advantage Inc. now owns 25,498 shares of the company’s stock worth $3,143,000 after purchasing an additional 7,396 shares during the period. Chatterton & Associates Inc. lifted its position in shares of iShares S&P 500 Growth ETF by 33.5% in the 1st quarter. Chatterton & Associates Inc. now owns 44,180 shares of the company’s stock worth $5,306,000 after purchasing an additional 11,089 shares during the period. Embree Financial Group lifted its position in shares of iShares S&P 500 Growth ETF by 61.2% in the 4th quarter. Embree Financial Group now owns 61,699 shares of the company’s stock worth $7,605,000 after purchasing an additional 23,416 shares during the period. Finally, Silver Oak Securities Incorporated boosted its stake in shares of iShares S&P 500 Growth ETF by 270.9% during the fourth quarter. Silver Oak Securities Incorporated now owns 49,336 shares of the company’s stock valued at $6,126,000 after purchasing an additional 36,033 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA IVW opened at $134.26 on Friday. The company has a market cap of $73.16 billion, a PE ratio of 33.33 and a beta of 1.17. The firm’s 50 day moving average price is $136.68 and its 200-day moving average price is $127.04. iShares S&P 500 Growth ETF has a 52-week low of $108.13 and a 52-week high of $141.98.

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.