McLean Asset Management Corp Invests $576,000 in iShares S&P 500 Growth ETF $IVW

McLean Asset Management Corp bought a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,669 shares of the company’s stock, valued at approximately $576,000.

Other large investors have also added to or reduced their stakes in the company. United Bank lifted its holdings in shares of 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 in the last quarter. Schnieders Capital Management LLC. bought a new stake in iShares S&P 500 Growth ETF during the second quarter worth $600,000. Russell Investments Group Ltd. raised its position in iShares S&P 500 Growth ETF by 13.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 5,992 shares of the company’s stock valued at $660,000 after buying an additional 707 shares during the last quarter. Fisher Asset Management LLC raised its position in iShares S&P 500 Growth ETF by 207.9% in the 2nd quarter. Fisher Asset Management LLC now owns 11,982 shares of the company’s stock valued at $1,319,000 after buying an additional 8,091 shares during the last quarter. Finally, Van Hulzen Asset Management LLC lifted its stake in iShares S&P 500 Growth ETF by 6.1% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 7,334 shares of the company’s stock valued at $807,000 after acquiring an additional 421 shares in the last quarter.

iShares S&P 500 Growth ETF Price Performance

IVW opened at $114.61 on Thursday. The company has a market capitalization of $61.52 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11. The firm’s fifty day moving average price is $119.22 and its two-hundred day moving average price is $121.26. iShares S&P 500 Growth ETF has a 1 year low of $79.31 and a 1 year high of $126.61.

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.