Independence Bank of Kentucky Increases Holdings in iShares S&P 500 Growth ETF $IVW

Independence Bank of Kentucky lifted its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1,641.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,142 shares of the company’s stock after purchasing an additional 8,617 shares during the quarter. Independence Bank of Kentucky’s holdings in iShares S&P 500 Growth ETF were worth $1,257,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Morgan Stanley boosted its stake in iShares S&P 500 Growth ETF by 0.6% in the 4th quarter. Morgan Stanley now owns 33,646,152 shares of the company’s stock worth $4,147,225,000 after purchasing an additional 186,391 shares during the period. LPL Financial LLC increased its position 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 buying an additional 357,495 shares during the period. Bank of America Corp DE lifted its holdings in shares of iShares S&P 500 Growth ETF by 6.6% in the first quarter. Bank of America Corp DE now owns 19,779,268 shares of the company’s stock worth $2,237,233,000 after buying an additional 1,229,382 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of 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 worth $1,851,508,000 after buying an additional 80,216 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of iShares S&P 500 Growth ETF by 5.4% in the first quarter. Cetera Investment Advisers now owns 4,754,617 shares of the company’s stock valued at $537,795,000 after acquiring an additional 245,310 shares during the period.

iShares S&P 500 Growth ETF Trading Down 1.0%

IVW stock opened at $138.21 on Wednesday. The firm has a 50 day moving average of $137.39 and a 200-day moving average of $130.39. The firm has a market capitalization of $75.46 billion, a P/E ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a 12 month low of $108.13 and a 12 month high of $143.26.

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.