Kestra Advisory Services LLC Buys 83,484 Shares of iShares S&P 500 Growth ETF $IVW

Kestra Advisory Services LLC lifted its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 10.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 859,413 shares of the company’s stock after buying an additional 83,484 shares during the period. Kestra Advisory Services LLC’s holdings in iShares S&P 500 Growth ETF were worth $97,208,000 at the end of the most recent quarter.

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 boosted 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 valued at $2,442,579,000 after purchasing an additional 357,495 shares during the period. 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 grew its holdings in shares of 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 worth $1,075,770,000 after purchasing an additional 76,602 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of 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 purchasing an additional 146,739 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Up 1.1%

Shares of NYSEARCA IVW opened at $137.77 on Friday. The firm’s fifty day moving average is $136.13 and its 200 day moving average is $126.53. 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 cap of $75.04 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17.

iShares S&P 500 Growth ETF 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.