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

MV Capital Management Inc. bought a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 291,360 shares of the company’s stock, valued at approximately $35,913,000. iShares S&P 500 Growth ETF makes up about 3.5% of MV Capital Management Inc.’s portfolio, making the stock its 5th largest position. MV Capital Management Inc. owned approximately 0.05% of iShares S&P 500 Growth ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. United Bank boosted its stake in 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 valued at $5,736,000 after purchasing an additional 2,280 shares during the last quarter. Schnieders Capital Management LLC. bought a new stake in iShares S&P 500 Growth ETF during the 2nd quarter worth approximately $600,000. Russell Investments Group Ltd. raised its stake in shares of iShares S&P 500 Growth ETF by 13.4% in the second quarter. Russell Investments Group Ltd. now owns 5,992 shares of the company’s stock worth $660,000 after purchasing an additional 707 shares during the last quarter. First Trust Advisors LP raised its stake in shares of iShares S&P 500 Growth ETF by 15.4% in the second quarter. First Trust Advisors LP now owns 31,834 shares of the company’s stock worth $3,505,000 after purchasing an additional 4,238 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new position in shares of iShares S&P 500 Growth ETF in the second quarter valued at approximately $244,000.

iShares S&P 500 Growth ETF Stock Up 1.7%

Shares of NYSEARCA:IVW opened at $137.96 on Friday. The stock has a market cap of $74.77 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a 12-month low of $104.21 and a 12-month high of $141.98. The business’s 50 day moving average is $133.19 and its 200 day moving average is $125.20.

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.