LPL Financial LLC Buys 357,495 Shares of iShares S&P 500 Growth ETF $IVW

LPL Financial LLC raised its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,816,481 shares of the company’s stock after buying an additional 357,495 shares during the quarter. iShares S&P 500 Growth ETF makes up about 0.7% of LPL Financial LLC’s holdings, making the stock its 23rd largest position. LPL Financial LLC’s holdings in iShares S&P 500 Growth ETF were worth $2,442,579,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Smith Moore & CO. lifted its stake in shares of iShares S&P 500 Growth ETF by 2.9% in the third quarter. Smith Moore & CO. now owns 3,021 shares of the company’s stock valued at $365,000 after buying an additional 85 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management lifted its stake in shares of iShares S&P 500 Growth ETF by 0.7% in the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 11,647 shares of the company’s stock valued at $1,406,000 after buying an additional 86 shares in the last quarter. Proactive Wealth Strategies LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 1.0% in the fourth quarter. Proactive Wealth Strategies LLC now owns 8,817 shares of the company’s stock valued at $1,087,000 after buying an additional 86 shares in the last quarter. Ignite Planners LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 4.7% in the fourth quarter. Ignite Planners LLC now owns 1,948 shares of the company’s stock valued at $241,000 after buying an additional 88 shares in the last quarter. Finally, First National Bank & Trust Co. of Newtown lifted its stake in shares of iShares S&P 500 Growth ETF by 1.3% in the fourth quarter. First National Bank & Trust Co. of Newtown now owns 7,859 shares of the company’s stock valued at $969,000 after buying an additional 100 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

iShares S&P 500 Growth ETF stock opened at $134.60 on Monday. iShares S&P 500 Growth ETF has a 1-year low of $104.21 and a 1-year high of $141.98. The firm has a market capitalization of $72.95 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. The firm’s fifty day moving average price is $129.14 and its two-hundred day moving average price is $124.26.

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.