Madrid Wealth Management LLC Raises Holdings in iShares S&P 500 Growth ETF $IVW

Madrid Wealth Management LLC boosted its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 38.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 24,333 shares of the company’s stock after acquiring an additional 6,813 shares during the period. iShares S&P 500 Growth ETF accounts for approximately 2.0% of Madrid Wealth Management LLC’s portfolio, making the stock its 16th biggest position. Madrid Wealth Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $2,752,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Morgan Stanley grew its position in shares of iShares S&P 500 Growth ETF by 0.6% during the fourth quarter. Morgan Stanley now owns 33,646,152 shares of the company’s stock worth $4,147,225,000 after buying an additional 186,391 shares in the last quarter. LPL Financial LLC increased its stake in shares of iShares S&P 500 Growth ETF by 1.8% during the fourth quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock worth $2,442,579,000 after buying an additional 357,495 shares during the period. Wells Fargo & Company MN raised its holdings in 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 valued at $1,851,508,000 after acquiring an additional 80,216 shares in the last quarter. UBS Group AG raised its holdings in iShares S&P 500 Growth ETF by 0.9% in the third quarter. UBS Group AG now owns 8,911,282 shares of the company’s stock valued at $1,075,770,000 after acquiring an additional 76,602 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in iShares S&P 500 Growth ETF by 3.4% in the fourth quarter. Cetera Investment Advisers now owns 4,509,307 shares of the company’s stock worth $555,817,000 after acquiring an additional 146,739 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Down 0.7%

Shares of iShares S&P 500 Growth ETF stock opened at $132.58 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 $71.85 billion, a P/E ratio of 33.33 and a beta of 1.17. The company has a 50 day moving average of $134.68 and a 200 day moving average of $125.64.

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.