Arax Advisory Partners Invests $25.08 Million in iShares S&P 500 Growth ETF $IVW

Arax Advisory Partners purchased a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 203,450 shares of the company’s stock, valued at approximately $25,077,000.

Several other large investors also recently made changes to their positions in IVW. United Bank boosted its stake in shares of iShares S&P 500 Growth ETF by 4.6% during the 2nd quarter. United Bank now owns 52,096 shares of the company’s stock worth $5,736,000 after acquiring an additional 2,280 shares in the last quarter. Schnieders Capital Management LLC. bought a new stake in shares of iShares S&P 500 Growth ETF during the 2nd quarter worth about $600,000. Russell Investments Group Ltd. boosted its stake in shares of iShares S&P 500 Growth ETF by 13.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,992 shares of the company’s stock worth $660,000 after acquiring an additional 707 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of iShares S&P 500 Growth ETF by 15.4% during the 2nd quarter. First Trust Advisors LP now owns 31,834 shares of the company’s stock worth $3,505,000 after acquiring an additional 4,238 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in shares of iShares S&P 500 Growth ETF during the 2nd quarter worth about $244,000.

iShares S&P 500 Growth ETF Stock Performance

IVW opened at $135.00 on Friday. The company has a market cap of $73.16 billion, a PE ratio of 33.33 and a beta of 1.17. The stock has a 50-day moving average of $131.40 and a 200-day moving average of $124.77. iShares S&P 500 Growth ETF has a 52-week low of $104.21 and a 52-week high of $141.98.

iShares S&P 500 Growth ETF Company 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.