New World Advisors LLC Invests $493,000 in iShares S&P 500 Growth ETF $IVW

New World Advisors LLC bought a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 4,474 shares of the company’s stock, valued at approximately $493,000.

Other hedge funds have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new position in shares of iShares S&P 500 Growth ETF during the 1st quarter worth $517,000. Wedbush Securities Inc. raised its position in iShares S&P 500 Growth ETF by 79.9% during the first quarter. Wedbush Securities Inc. now owns 9,470 shares of the company’s stock worth $879,000 after acquiring an additional 4,206 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of iShares S&P 500 Growth ETF by 3.5% in the first quarter. Pinnacle Associates Ltd. now owns 33,270 shares of the company’s stock valued at $3,088,000 after purchasing an additional 1,125 shares in the last quarter. Kovack Advisors Inc. lifted its holdings in shares of iShares S&P 500 Growth ETF by 2.8% in the first quarter. Kovack Advisors Inc. now owns 12,301 shares of the company’s stock valued at $1,142,000 after purchasing an additional 331 shares in the last quarter. Finally, Journey Strategic Wealth LLC grew its position in shares of iShares S&P 500 Growth ETF by 4.3% in the first quarter. Journey Strategic Wealth LLC now owns 7,778 shares of the company’s stock valued at $722,000 after purchasing an additional 322 shares during the last quarter.

iShares S&P 500 Growth ETF Price Performance

Shares of IVW opened at $118.49 on Friday. iShares S&P 500 Growth ETF has a 1-year low of $79.31 and a 1-year high of $126.61. The stock has a market cap of $64.32 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11. The firm has a 50 day simple moving average of $121.36 and a 200-day simple moving average of $113.70.

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.