Scarborough Advisors LLC Takes $16.58 Million Position in iShares S&P 500 Growth ETF $IVW

Scarborough Advisors LLC bought a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 146,566 shares of the company’s stock, valued at approximately $16,578,000. iShares S&P 500 Growth ETF accounts for about 1.8% of Scarborough Advisors LLC’s portfolio, making the stock its 18th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in IVW. Morgan Stanley boosted its holdings in iShares S&P 500 Growth ETF by 0.6% during the fourth quarter. Morgan Stanley now owns 33,646,152 shares of the company’s stock valued at $4,147,225,000 after purchasing an additional 186,391 shares in the last quarter. LPL Financial LLC grew its stake in shares of iShares S&P 500 Growth ETF by 1.8% in the 4th quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock valued at $2,442,579,000 after purchasing an additional 357,495 shares during the period. Wells Fargo & Company MN raised its holdings in shares of iShares S&P 500 Growth ETF by 0.5% in the 4th quarter. Wells Fargo & Company MN now owns 15,021,156 shares of the company’s stock worth $1,851,508,000 after buying an additional 80,216 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of iShares S&P 500 Growth ETF by 3.4% in the 4th quarter. Cetera Investment Advisers now owns 4,509,307 shares of the company’s stock worth $555,817,000 after buying an additional 146,739 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of iShares S&P 500 Growth ETF by 1.1% during the 4th quarter. Raymond James Financial Inc. now owns 4,354,800 shares of the company’s stock worth $536,773,000 after buying an additional 45,738 shares during the period.

iShares S&P 500 Growth ETF Price Performance

Shares of IVW stock opened at $134.26 on Monday. The stock’s fifty day simple moving average is $136.68 and its 200 day simple moving average is $127.06. The firm has a market cap of $73.16 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a one year low of $108.13 and a one year high of $141.98.

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.