PFG Advisors Makes New Investment in iShares S&P 500 Growth ETF $IVW

PFG Advisors purchased a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 36,423 shares of the company’s stock, valued at approximately $4,397,000.

Several other hedge funds also recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its position in iShares S&P 500 Growth ETF by 329.5% during the second quarter. The Manufacturers Life Insurance Company now owns 1,708,995 shares of the company’s stock worth $188,160,000 after acquiring an additional 1,311,063 shares during the period. Thrivent Financial for Lutherans raised its stake in iShares S&P 500 Growth ETF by 196.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,441,392 shares of the company’s stock valued at $174,005,000 after purchasing an additional 955,862 shares during the last quarter. Laurel Wealth Advisors LLC boosted its holdings in iShares S&P 500 Growth ETF by 11,334.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 770,011 shares of the company’s stock valued at $84,778,000 after purchasing an additional 763,277 shares during the period. EP Wealth Advisors LLC boosted its holdings in iShares S&P 500 Growth ETF by 487.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 679,544 shares of the company’s stock valued at $74,818,000 after purchasing an additional 563,960 shares during the period. Finally, Ameriprise Financial Inc. grew its position in iShares S&P 500 Growth ETF by 6.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,499,823 shares of the company’s stock worth $935,874,000 after purchasing an additional 547,663 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA:IVW opened at $119.78 on Tuesday. The firm’s 50-day moving average is $122.06 and its 200-day moving average is $121.38. iShares S&P 500 Growth ETF has a 52-week low of $79.31 and a 52-week high of $126.61. The company has a market cap of $64.30 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11.

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.