Investment Partners LTD. Buys 60,675 Shares of iShares S&P 500 Growth ETF $IVW

Investment Partners LTD. grew its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 110.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 115,767 shares of the company’s stock after buying an additional 60,675 shares during the period. iShares S&P 500 Growth ETF makes up 2.5% of Investment Partners LTD.’s investment portfolio, making the stock its 8th largest position. Investment Partners LTD.’s holdings in iShares S&P 500 Growth ETF were worth $16,469,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in iShares S&P 500 Growth ETF by 6.6% in the 1st quarter. Bank of America Corp DE now owns 19,779,268 shares of the company’s stock worth $2,237,233,000 after acquiring an additional 1,229,382 shares during the last quarter. Cetera Investment Advisers lifted its position in iShares S&P 500 Growth ETF by 5.4% during the 1st quarter. Cetera Investment Advisers now owns 4,754,617 shares of the company’s stock worth $537,795,000 after acquiring an additional 245,310 shares during the period. Lido Advisors LLC grew its stake in iShares S&P 500 Growth ETF by 2.3% during the 1st quarter. Lido Advisors LLC now owns 3,873,907 shares of the company’s stock valued at $438,178,000 after purchasing an additional 85,467 shares during the last quarter. Royal Bank of Canada grew its stake in iShares S&P 500 Growth ETF by 5.8% during the 1st quarter. Royal Bank of Canada now owns 3,539,621 shares of the company’s stock valued at $400,576,000 after purchasing an additional 193,529 shares during the last quarter. Finally, Sofi Wealth LLC increased its holdings in shares of iShares S&P 500 Growth ETF by 6.9% in the first quarter. Sofi Wealth LLC now owns 2,249,169 shares of the company’s stock valued at $254,403,000 after purchasing an additional 145,081 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock opened at $134.46 on Friday. iShares S&P 500 Growth ETF has a fifty-two week low of $108.13 and a fifty-two week high of $146.83. The firm has a market capitalization of $74.75 billion, a PE ratio of 33.33 and a beta of 1.17. The stock’s 50-day simple moving average is $140.66 and its 200-day simple moving average is $131.87.

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.