Riverwater Partners LLC Purchases New Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Riverwater Partners LLC bought a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,016 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF during the 4th quarter valued at approximately $456,880,000. Wealthfront Advisers LLC acquired a new position in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at $350,009,000. LPL Financial LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 14.4% in the 4th quarter. LPL Financial LLC now owns 17,940,390 shares of the company’s stock valued at $1,821,488,000 after purchasing an additional 2,257,493 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of iShares S&P 500 Growth ETF by 6.4% during the 4th quarter. Wells Fargo & Company MN now owns 16,602,697 shares of the company’s stock worth $1,685,672,000 after purchasing an additional 999,882 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of iShares S&P 500 Growth ETF by 1.7% during the 4th quarter. JPMorgan Chase & Co. now owns 44,878,487 shares of the company’s stock worth $4,556,513,000 after purchasing an additional 764,970 shares during the last quarter.

iShares S&P 500 Growth ETF Price Performance

NYSEARCA IVW opened at $83.65 on Friday. iShares S&P 500 Growth ETF has a 12 month low of $79.07 and a 12 month high of $107.14. The stock has a market capitalization of $46.05 billion, a P/E ratio of 30.22 and a beta of 1.08. The firm’s 50-day moving average is $99.33 and its two-hundred day moving average is $99.79.

About iShares S&P 500 Growth ETF

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.