Godfrey Financial Associates Inc. Makes New Investment in iShares S&P 500 Growth ETF $IVW

Godfrey Financial Associates Inc. acquired a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 91,431 shares of the company’s stock, valued at approximately $11,270,000. iShares S&P 500 Growth ETF makes up approximately 9.6% of Godfrey Financial Associates Inc.’s investment portfolio, making the stock its 2nd biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Swmg LLC raised its holdings in iShares S&P 500 Growth ETF by 14.1% during the fourth quarter. Swmg LLC now owns 199,018 shares of the company’s stock worth $24,125,000 after purchasing an additional 24,532 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in iShares S&P 500 Growth ETF by 14.4% during the fourth quarter. Kingsview Wealth Management LLC now owns 39,009 shares of the company’s stock worth $4,808,000 after purchasing an additional 4,899 shares in the last quarter. Smith Chas P & Associates PA Cpas raised its holdings in iShares S&P 500 Growth ETF by 83.7% during the fourth quarter. Smith Chas P & Associates PA Cpas now owns 5,683 shares of the company’s stock worth $701,000 after purchasing an additional 2,590 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc raised its holdings in iShares S&P 500 Growth ETF by 45.9% during the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 93,303 shares of the company’s stock worth $11,501,000 after purchasing an additional 29,354 shares in the last quarter. Finally, Coordinated Financial Services Inc. acquired a new stake in iShares S&P 500 Growth ETF during the fourth quarter worth approximately $200,000.

iShares S&P 500 Growth ETF Trading Down 0.0%

IVW stock opened at $138.32 on Thursday. iShares S&P 500 Growth ETF has a twelve month low of $102.32 and a twelve month high of $139.10. The company’s 50 day moving average is $125.81 and its two-hundred day moving average is $123.40. The stock has a market cap of $74.96 billion, a P/E ratio of 33.33 and a beta of 1.17.

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.