Pinnacle Financial Partners Inc Boosts Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Pinnacle Financial Partners Inc increased its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 22.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 92,389 shares of the company’s stock after purchasing an additional 17,002 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in iShares S&P 500 Growth ETF were worth $8,620,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of iShares S&P 500 Growth ETF in the fourth quarter worth about $456,880,000. Wealthfront Advisers LLC purchased a new stake in iShares S&P 500 Growth ETF in the 4th quarter worth approximately $350,009,000. FIL Ltd purchased a new position in iShares S&P 500 Growth ETF during the fourth quarter valued at approximately $309,434,000. LPL Financial LLC lifted its holdings in iShares S&P 500 Growth ETF by 14.4% during the fourth quarter. LPL Financial LLC now owns 17,940,390 shares of the company’s stock valued at $1,821,488,000 after purchasing an additional 2,257,493 shares in the last quarter. Finally, Sofi Wealth LLC boosted its position in shares of iShares S&P 500 Growth ETF by 4,023.6% in the first quarter. Sofi Wealth LLC now owns 1,857,008 shares of the company’s stock worth $172,386,000 after purchasing an additional 1,811,974 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

Shares of iShares S&P 500 Growth ETF stock opened at $109.76 on Thursday. iShares S&P 500 Growth ETF has a fifty-two week low of $79.31 and a fifty-two week high of $110.35. The company has a market capitalization of $60.14 billion, a P/E ratio of 29.66 and a beta of 1.05. The company has a fifty day moving average of $102.79 and a 200 day moving average of $100.22.

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.