Partners in Financial Planning Purchases New Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Partners in Financial Planning acquired a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 3,840 shares of the company’s stock, valued at approximately $390,000.

Other hedge funds have also modified their holdings of the company. Mountain Hill Investment Partners Corp. purchased a new position in shares of iShares S&P 500 Growth ETF in the fourth quarter valued at $28,000. BankPlus Trust Department bought a new position in iShares S&P 500 Growth ETF during the fourth quarter valued at $36,000. Hantz Financial Services Inc. purchased a new position in shares of iShares S&P 500 Growth ETF in the 4th quarter worth $40,000. Compass Financial Services Inc bought a new stake in shares of iShares S&P 500 Growth ETF in the 4th quarter worth about $40,000. Finally, Bellevue Asset Management LLC purchased a new stake in shares of iShares S&P 500 Growth ETF during the 4th quarter valued at about $42,000.

iShares S&P 500 Growth ETF Trading Down 2.4 %

Shares of NYSEARCA:IVW opened at $92.55 on Monday. The company has a 50-day moving average price of $100.81 and a 200 day moving average price of $99.92. iShares S&P 500 Growth ETF has a 12 month low of $79.07 and a 12 month high of $107.14. The company has a market cap of $50.94 billion, a price-to-earnings ratio of 30.22 and a beta of 1.08.

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.