Financial Solutions Advisory Group Inc. Takes Position in iShares S&P 500 Growth ETF $IVW

Financial Solutions Advisory Group Inc. purchased a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,125 shares of the company’s stock, valued at approximately $2,163,000.

Other large investors also recently modified their holdings of the company. Morgan Stanley lifted its stake in iShares S&P 500 Growth ETF by 0.6% in the 4th quarter. Morgan Stanley now owns 33,646,152 shares of the company’s stock worth $4,147,225,000 after purchasing an additional 186,391 shares in the last quarter. LPL Financial LLC grew its position in shares of iShares S&P 500 Growth ETF by 1.8% during the 4th quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock valued at $2,442,579,000 after purchasing an additional 357,495 shares in the last quarter. Bank of America Corp DE grew its position in shares of iShares S&P 500 Growth ETF by 6.6% during the 1st quarter. Bank of America Corp DE now owns 19,779,268 shares of the company’s stock valued at $2,237,233,000 after purchasing an additional 1,229,382 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of iShares S&P 500 Growth ETF by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 15,021,156 shares of the company’s stock worth $1,851,508,000 after purchasing an additional 80,216 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of iShares S&P 500 Growth ETF by 5.4% in the first quarter. Cetera Investment Advisers now owns 4,754,617 shares of the company’s stock worth $537,795,000 after purchasing an additional 245,310 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock opened at $135.25 on Friday. iShares S&P 500 Growth ETF has a 52-week low of $108.13 and a 52-week high of $141.98. The company has a market capitalization of $73.85 billion, a PE ratio of 33.33 and a beta of 1.17. The business’s fifty day moving average is $136.10 and its 200 day moving average is $127.71.

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.