LPL Financial LLC Purchases 357,495 Shares of iShares S&P 500 Growth ETF $IVW

LPL Financial LLC increased its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,816,481 shares of the company’s stock after buying an additional 357,495 shares during the period. iShares S&P 500 Growth ETF accounts for 0.7% of LPL Financial LLC’s holdings, making the stock its 23rd biggest holding. LPL Financial LLC owned about 3.69% of iShares S&P 500 Growth ETF worth $2,442,579,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Decker Retirement Planning Inc. bought a new position in iShares S&P 500 Growth ETF during the fourth quarter worth $28,000. Turning Point Benefit Group Inc. bought a new position in iShares S&P 500 Growth ETF during the third quarter worth $28,000. Darwin Wealth Management LLC bought a new position in iShares S&P 500 Growth ETF during the second quarter worth $30,000. Entrust Financial LLC bought a new position in iShares S&P 500 Growth ETF during the fourth quarter worth $33,000. Finally, Carolina Wealth Advisors LLC bought a new position in iShares S&P 500 Growth ETF during the fourth quarter worth $36,000.

iShares S&P 500 Growth ETF Price Performance

Shares of NYSEARCA IVW opened at $134.60 on Monday. The firm has a market cap of $72.95 billion, a PE ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a 12-month low of $104.21 and a 12-month high of $141.98. The company’s fifty day simple moving average is $129.14 and its 200 day simple moving average is $124.26.

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.