Daviman Financial LLC Makes New Investment in iShares S&P 500 Growth ETF $IVW

Daviman Financial LLC bought a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 76,654 shares of the company’s stock, valued at approximately $9,448,000. iShares S&P 500 Growth ETF accounts for approximately 5.5% of Daviman Financial LLC’s investment portfolio, making the stock its 4th largest position.

A number of other hedge funds have also added to or reduced their stakes in IVW. Thrivent Financial for Lutherans increased its holdings in iShares S&P 500 Growth ETF by 196.9% in the third quarter. Thrivent Financial for Lutherans now owns 1,441,392 shares of the company’s stock worth $174,005,000 after purchasing an additional 955,862 shares in the last quarter. AlphaCore Capital LLC increased its holdings in iShares S&P 500 Growth ETF by 522.0% in the fourth quarter. AlphaCore Capital LLC now owns 299,535 shares of the company’s stock worth $36,921,000 after purchasing an additional 251,375 shares in the last quarter. Lido Advisors LLC increased its holdings in iShares S&P 500 Growth ETF by 6.5% in the third quarter. Lido Advisors LLC now owns 3,639,449 shares of the company’s stock worth $439,354,000 after purchasing an additional 221,311 shares in the last quarter. Sofi Wealth LLC increased its holdings in iShares S&P 500 Growth ETF by 10.4% in the fourth quarter. Sofi Wealth LLC now owns 2,104,088 shares of the company’s stock worth $259,350,000 after purchasing an additional 198,832 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its holdings in iShares S&P 500 Growth ETF by 231.7% in the third quarter. Vestmark Advisory Solutions Inc. now owns 273,381 shares of the company’s stock worth $33,003,000 after purchasing an additional 190,970 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock opened at $136.62 on Friday. The company has a market cap of $74.04 billion, a P/E ratio of 33.33 and a beta of 1.17. The stock has a 50 day simple moving average of $124.60 and a two-hundred day simple moving average of $123.10. iShares S&P 500 Growth ETF has a fifty-two week low of $100.76 and a fifty-two week high of $139.10.

iShares S&P 500 Growth ETF Company 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.