iShares S&P 500 Growth ETF (NYSEARCA:IVW) is Modern Wealth Management LLC’s 3rd Largest Position

Modern Wealth Management LLC grew its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 878,202 shares of the company’s stock after buying an additional 69,195 shares during the period. iShares S&P 500 Growth ETF accounts for 3.3% of Modern Wealth Management LLC’s investment portfolio, making the stock its 3rd largest position. Modern Wealth Management LLC owned about 0.17% of iShares S&P 500 Growth ETF worth $92,773,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in IVW. LPL Financial LLC raised its holdings in iShares S&P 500 Growth ETF by 14.4% during the 4th quarter. LPL Financial LLC now owns 17,940,390 shares of the company’s stock valued at $1,821,488,000 after acquiring an additional 2,257,493 shares during the period. Stifel Financial Corp raised its stake in shares of iShares S&P 500 Growth ETF by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 7,475,408 shares of the company’s stock valued at $715,775,000 after purchasing an additional 22,565 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of iShares S&P 500 Growth ETF by 2.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,478,191 shares of the company’s stock valued at $556,201,000 after purchasing an additional 148,960 shares during the period. Raymond James Financial Inc. purchased a new stake in iShares S&P 500 Growth ETF during the 4th quarter worth about $456,880,000. Finally, Park Avenue Securities LLC boosted its stake in iShares S&P 500 Growth ETF by 0.4% in the 4th quarter. Park Avenue Securities LLC now owns 3,817,542 shares of the company’s stock worth $387,595,000 after purchasing an additional 15,623 shares during the period.

iShares S&P 500 Growth ETF Stock Up 2.3 %

Shares of IVW opened at $97.11 on Tuesday. iShares S&P 500 Growth ETF has a twelve month low of $79.07 and a twelve month high of $107.14. The stock has a market cap of $53.45 billion, a PE ratio of 30.22 and a beta of 1.08. The business’s 50-day moving average price is $101.40 and its 200-day moving average price is $99.77.

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.