Janney Montgomery Scott LLC Acquires 211,952 Shares of iShares S&P 500 Growth ETF $IVW

Janney Montgomery Scott LLC raised its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 9.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,416,574 shares of the company’s stock after acquiring an additional 211,952 shares during the period. iShares S&P 500 Growth ETF accounts for 0.7% of Janney Montgomery Scott LLC’s portfolio, making the stock its 22nd largest position. Janney Montgomery Scott LLC’s holdings in iShares S&P 500 Growth ETF were worth $273,339,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Focus Partners Wealth boosted its position in shares of iShares S&P 500 Growth ETF by 81.0% in the fourth quarter. Focus Partners Wealth now owns 1,920,546 shares of the company’s stock valued at $236,725,000 after acquiring an additional 859,584 shares during the period. Valpey Financial Services LLC grew its stake in shares of iShares S&P 500 Growth ETF by 11,889.3% in the fourth quarter. Valpey Financial Services LLC now owns 712,286 shares of the company’s stock worth $87,796,000 after acquiring an additional 706,345 shares during the last quarter. Align Financial LLC bought a new position in iShares S&P 500 Growth ETF during the fourth quarter worth $49,180,000. MML Investors Services LLC increased its position in iShares S&P 500 Growth ETF by 10.9% during the fourth quarter. MML Investors Services LLC now owns 3,645,204 shares of the company’s stock worth $449,308,000 after acquiring an additional 358,496 shares during the period. Finally, LPL Financial LLC raised its stake in 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 during the last quarter.

iShares S&P 500 Growth ETF Price Performance

NYSEARCA:IVW opened at $132.58 on Friday. iShares S&P 500 Growth ETF has a one year low of $108.13 and a one year high of $141.98. The company has a fifty day moving average price of $134.68 and a 200 day moving average price of $125.64. The stock has a market cap of $71.85 billion, a P/E ratio of 33.33 and a beta of 1.17.

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.