Montecito Bank & Trust Makes New $3.11 Million Investment in iShares S&P 500 Growth ETF $IVW

Montecito Bank & Trust purchased a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 25,789 shares of the company’s stock, valued at approximately $3,113,000.

Several other large investors have also recently made changes to their positions in IVW. Darwin Wealth Management LLC purchased a new position in shares of iShares S&P 500 Growth ETF in the 2nd quarter worth about $30,000. Flaharty Asset Management LLC purchased a new position in iShares S&P 500 Growth ETF in the first quarter valued at about $26,000. Ryan Investment Management Inc. bought a new position in shares of iShares S&P 500 Growth ETF during the 2nd quarter valued at approximately $36,000. Morgan Dempsey Capital Management LLC bought a new position in shares of iShares S&P 500 Growth ETF during the 2nd quarter valued at approximately $44,000. Finally, ST Germain D J Co. Inc. increased its stake in shares of iShares S&P 500 Growth ETF by 655.4% during the 2nd quarter. ST Germain D J Co. Inc. now owns 423 shares of the company’s stock worth $47,000 after purchasing an additional 367 shares during the last quarter.

iShares S&P 500 Growth ETF Trading Down 1.9%

NYSEARCA:IVW opened at $119.77 on Thursday. iShares S&P 500 Growth ETF has a 12 month low of $79.31 and a 12 month high of $126.61. The firm’s 50 day moving average is $122.27 and its 200 day moving average is $116.50. The stock has a market capitalization of $65.02 billion, a PE ratio of 33.33 and a beta of 1.11.

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.