Detalus Advisors LLC Increases Position in iShares S&P 500 Growth ETF $IVW

Detalus Advisors LLC lifted its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 5.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 248,875 shares of the company’s stock after buying an additional 12,542 shares during the period. iShares S&P 500 Growth ETF makes up approximately 6.4% of Detalus Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Detalus Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $28,150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of IVW. Morgan Stanley grew its position in iShares S&P 500 Growth ETF by 0.6% during the 4th quarter. Morgan Stanley now owns 33,646,152 shares of the company’s stock worth $4,147,225,000 after acquiring an additional 186,391 shares during the last quarter. LPL Financial LLC lifted its position in iShares S&P 500 Growth ETF by 1.8% in the fourth 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. Wells Fargo & Company MN boosted its stake in shares of iShares S&P 500 Growth ETF by 0.5% during 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 purchasing an additional 80,216 shares during the period. UBS Group AG boosted its stake in shares of iShares S&P 500 Growth ETF by 0.9% during the third quarter. UBS Group AG now owns 8,911,282 shares of the company’s stock valued at $1,075,770,000 after purchasing an additional 76,602 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of iShares S&P 500 Growth ETF by 3.4% during the fourth quarter. Cetera Investment Advisers now owns 4,509,307 shares of the company’s stock valued at $555,817,000 after purchasing an additional 146,739 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

Shares of iShares S&P 500 Growth ETF stock opened at $132.58 on Monday. iShares S&P 500 Growth ETF has a 52-week low of $108.13 and a 52-week high of $141.98. The company’s 50 day moving average price is $134.68 and its 200-day moving average price is $125.66. The stock has a market capitalization of $71.85 billion, a price-to-earnings 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.