iShares S&P 500 Growth ETF (NYSEARCA:IVW) is NewEdge Advisors LLC’s 9th Largest Position

NewEdge Advisors LLC boosted its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 15.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,857,847 shares of the company’s stock after purchasing an additional 246,987 shares during the period. iShares S&P 500 Growth ETF comprises 1.1% of NewEdge Advisors LLC’s portfolio, making the stock its 9th largest holding. NewEdge Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $188,627,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IVW. JPMorgan Chase & Co. increased its position in shares of iShares S&P 500 Growth ETF by 1.7% during the 4th quarter. JPMorgan Chase & Co. now owns 44,878,487 shares of the company’s stock valued at $4,556,513,000 after purchasing an additional 764,970 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of iShares S&P 500 Growth ETF by 14.4% in the fourth quarter. LPL Financial LLC now owns 17,940,390 shares of the company’s stock worth $1,821,488,000 after buying an additional 2,257,493 shares during the last quarter. Wells Fargo & Company MN grew its position in iShares S&P 500 Growth ETF by 6.4% during the fourth quarter. Wells Fargo & Company MN now owns 16,602,697 shares of the company’s stock valued at $1,685,672,000 after buying an additional 999,882 shares during the period. PNC Financial Services Group Inc. increased its holdings in iShares S&P 500 Growth ETF by 2.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,478,191 shares of the company’s stock valued at $556,201,000 after buying an additional 148,960 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in iShares S&P 500 Growth ETF in the fourth quarter worth approximately $456,880,000.

iShares S&P 500 Growth ETF Price Performance

Shares of IVW stock opened at $90.99 on Wednesday. The company has a market cap of $49.57 billion, a price-to-earnings ratio of 28.32 and a beta of 1.12. iShares S&P 500 Growth ETF has a 1 year low of $79.07 and a 1 year high of $107.14. The firm has a fifty day moving average price of $96.48 and a 200-day moving average price of $99.34.

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.