Burkett Financial Services LLC Acquires 10,984 Shares of iShares S&P 500 Growth ETF $IVW

Burkett Financial Services LLC increased its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 162.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,729 shares of the company’s stock after acquiring an additional 10,984 shares during the quarter. iShares S&P 500 Growth ETF comprises about 0.7% of Burkett Financial Services LLC’s investment portfolio, making the stock its 16th biggest holding. Burkett Financial Services LLC’s holdings in iShares S&P 500 Growth ETF were worth $1,952,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. BancFirst Trust & Investment Management bought a new position in shares of iShares S&P 500 Growth ETF in the 2nd quarter worth about $208,000. Maple Capital Management Inc. bought a new position in shares of iShares S&P 500 Growth ETF in the 1st quarter worth about $236,000. Cim LLC increased its stake in shares of iShares S&P 500 Growth ETF by 2.4% in the 1st quarter. Cim LLC now owns 6,613 shares of the company’s stock worth $614,000 after acquiring an additional 158 shares in the last quarter. Modern Wealth Management LLC increased its stake in shares of iShares S&P 500 Growth ETF by 26.2% in the 1st quarter. Modern Wealth Management LLC now owns 1,105,387 shares of the company’s stock worth $102,613,000 after acquiring an additional 229,167 shares in the last quarter. Finally, Nova Wealth Management Inc. increased its stake in shares of iShares S&P 500 Growth ETF by 168.3% in the 1st quarter. Nova Wealth Management Inc. now owns 1,937 shares of the company’s stock worth $180,000 after acquiring an additional 1,215 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock opened at $119.00 on Friday. iShares S&P 500 Growth ETF has a one year low of $79.31 and a one year high of $119.29. The company’s 50-day moving average is $114.10 and its 200 day moving average is $103.81. The company has a market capitalization of $65.21 billion, a price-to-earnings ratio of 33.33 and a beta of 1.05.

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.