Highland Investment Advisors LLC Acquires Shares of 20,426 iShares S&P 500 Growth ETF $IVW

Highland Investment Advisors LLC bought a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 20,426 shares of the company’s stock, valued at approximately $2,809,000. iShares S&P 500 Growth ETF makes up approximately 1.2% of Highland Investment Advisors LLC’s portfolio, making the stock its 16th largest holding.

Several other hedge funds also recently made changes to their positions in IVW. Decker Wealth Management LLC bought a new stake in iShares S&P 500 Growth ETF in the first quarter worth $2,991,000. Chatterton & Associates Inc. boosted its stake in iShares S&P 500 Growth ETF by 33.5% during the 1st quarter. Chatterton & Associates Inc. now owns 44,180 shares of the company’s stock valued at $5,306,000 after purchasing an additional 11,089 shares during the last quarter. Pinkerton Wealth LLC increased its holdings in shares of iShares S&P 500 Growth ETF by 4.3% in the 4th quarter. Pinkerton Wealth LLC now owns 215,108 shares of the company’s stock worth $26,514,000 after purchasing an additional 8,870 shares in the last quarter. MML Investors Services LLC raised its stake in shares of iShares S&P 500 Growth ETF by 10.9% in the fourth quarter. MML Investors Services LLC now owns 3,645,204 shares of the company’s stock worth $449,308,000 after purchasing an additional 358,496 shares during the last quarter. Finally, Arcadia Wealth Management LLC lifted its holdings in shares of iShares S&P 500 Growth ETF by 68.2% during the second quarter. Arcadia Wealth Management LLC now owns 19,508 shares of the company’s stock valued at $2,683,000 after purchasing an additional 7,908 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

IVW opened at $140.55 on Friday. The stock has a market capitalization of $76.73 billion, a P/E ratio of 33.33 and a beta of 1.17. The company’s 50-day simple moving average is $137.80 and its two-hundred day simple moving average is $130.75. iShares S&P 500 Growth ETF has a 52-week low of $108.13 and a 52-week high of $143.26.

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.