LVZ Inc. Has $118.52 Million Holdings in iShares S&P 500 Growth ETF $IVW

LVZ Inc. increased its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 2.7% in the first quarter, HoldingsChannel reports. The firm owned 1,047,836 shares of the company’s stock after purchasing an additional 28,006 shares during the quarter. iShares S&P 500 Growth ETF accounts for approximately 13.5% of LVZ Inc.’s holdings, making the stock its 2nd biggest holding. LVZ Inc.’s holdings in iShares S&P 500 Growth ETF were worth $118,521,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Focus Partners Wealth grew its stake in iShares S&P 500 Growth ETF by 81.0% in the fourth quarter. Focus Partners Wealth now owns 1,920,546 shares of the company’s stock worth $236,725,000 after purchasing an additional 859,584 shares during the period. Valpey Financial Services LLC boosted its holdings in shares of iShares S&P 500 Growth ETF by 11,889.3% during the 4th quarter. Valpey Financial Services LLC now owns 712,286 shares of the company’s stock valued at $87,796,000 after buying an additional 706,345 shares in the last quarter. Align Financial LLC purchased a new stake in shares of iShares S&P 500 Growth ETF in the 4th quarter worth about $49,180,000. MML Investors Services LLC increased its stake in shares of iShares S&P 500 Growth ETF by 10.9% in the 4th quarter. MML Investors Services LLC now owns 3,645,204 shares of the company’s stock worth $449,308,000 after acquiring an additional 358,496 shares in the last quarter. Finally, LPL Financial LLC lifted its position in iShares S&P 500 Growth ETF by 1.8% during the 4th quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock valued at $2,442,579,000 after acquiring an additional 357,495 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA IVW opened at $135.41 on Monday. The company has a 50 day simple moving average of $135.53 and a two-hundred day simple moving average of $126.10. iShares S&P 500 Growth ETF has a fifty-two week low of $108.13 and a fifty-two week high of $141.98. The company has a market capitalization of $73.80 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17.

iShares S&P 500 Growth ETF 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.