Diversified Management Inc. Takes Position in iShares S&P 500 Growth ETF $IVW

Diversified Management Inc. bought a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 4th quarter, Holdings Channel reports. The institutional investor bought 22,588 shares of the company’s stock, valued at approximately $2,784,000.

Other large investors also recently made changes to their positions in the company. Davis Capital Management purchased a new position in iShares S&P 500 Growth ETF in the third quarter valued at about $28,000. Decker Retirement Planning Inc. acquired a new stake in shares of iShares S&P 500 Growth ETF during the fourth quarter valued at about $28,000. Turning Point Benefit Group Inc. bought a new position in shares of iShares S&P 500 Growth ETF during the third quarter worth about $28,000. Darwin Wealth Management LLC bought a new position in shares of iShares S&P 500 Growth ETF during the second quarter worth about $30,000. Finally, Howe & Rusling Inc. lifted its position in shares of iShares S&P 500 Growth ETF by 484.1% during the third quarter. Howe & Rusling Inc. now owns 257 shares of the company’s stock worth $31,000 after purchasing an additional 213 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Up 1.3%

IVW opened at $126.34 on Thursday. The firm has a market cap of $68.09 billion, a price-to-earnings ratio of 33.33 and a beta of 1.15. iShares S&P 500 Growth ETF has a fifty-two week low of $84.89 and a fifty-two week high of $126.61. The company’s 50-day moving average price is $118.34 and its 200 day moving average price is $121.21.

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. 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.