Royal Bank of Canada Boosts Stake in iShares S&P 500 Growth ETF $IVW

Royal Bank of Canada lifted its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 5.8% in the first quarter, Holdings Channel reports. The firm owned 3,539,621 shares of the company’s stock after acquiring an additional 193,529 shares during the period. Royal Bank of Canada’s holdings in iShares S&P 500 Growth ETF were worth $400,576,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. United Bank increased its stake in iShares S&P 500 Growth ETF by 4.6% in the second quarter. United Bank now owns 52,096 shares of the company’s stock valued at $5,736,000 after purchasing an additional 2,280 shares during the period. Schnieders Capital Management LLC. acquired a new stake in shares of iShares S&P 500 Growth ETF during the second quarter worth about $600,000. Russell Investments Group Ltd. grew its holdings in shares of iShares S&P 500 Growth ETF by 13.4% during the second quarter. Russell Investments Group Ltd. now owns 5,992 shares of the company’s stock worth $660,000 after buying an additional 707 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of iShares S&P 500 Growth ETF by 15.4% during the second quarter. First Trust Advisors LP now owns 31,834 shares of the company’s stock worth $3,505,000 after buying an additional 4,238 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in iShares S&P 500 Growth ETF in the 2nd quarter valued at about $244,000.

iShares S&P 500 Growth ETF Stock Down 0.4%

IVW opened at $131.83 on Wednesday. The business has a 50 day moving average price of $136.33 and a two-hundred day moving average price of $127.55. iShares S&P 500 Growth ETF has a 52 week low of $108.13 and a 52 week high of $141.98. The company has a market cap of $71.92 billion, a PE ratio of 33.33 and a beta of 1.17.

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. 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.