Mayflower Financial Advisors LLC Has $14.31 Million Stock Position in iShares S&P 500 Growth ETF $IVW

Mayflower Financial Advisors LLC raised its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 5.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 126,503 shares of the company’s stock after purchasing an additional 7,004 shares during the period. iShares S&P 500 Growth ETF makes up 1.5% of Mayflower Financial Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Mayflower Financial Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $14,309,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of IVW. Strive Financial Group LLC bought a new position in shares of iShares S&P 500 Growth ETF during the fourth quarter worth about $26,000. Decker Retirement Planning Inc. bought a new stake in iShares S&P 500 Growth ETF in the 4th quarter valued at approximately $28,000. Financial Network Wealth Advisors LLC boosted its position in iShares S&P 500 Growth ETF by 174.4% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after acquiring an additional 143 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new position in iShares S&P 500 Growth ETF during the 3rd quarter worth approximately $28,000. Finally, Entrust Financial LLC bought a new position in shares of iShares S&P 500 Growth ETF during the 4th quarter worth approximately $33,000.

iShares S&P 500 Growth ETF Stock Up 2.3%

Shares of IVW opened at $135.60 on Tuesday. iShares S&P 500 Growth ETF has a twelve month low of $108.13 and a twelve month high of $141.98. The stock has a market capitalization of $73.49 billion, a P/E ratio of 33.33 and a beta of 1.17. The company has a 50 day moving average of $134.86 and a 200-day moving average of $125.74.

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.