Gerald Baker Financial Group LLC Makes New Investment in iShares S&P 500 Growth ETF $IVW

Gerald Baker Financial Group LLC bought a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 1st quarter, Holdings Channel reports. The firm bought 7,378 shares of the company’s stock, valued at approximately $835,000.

A number of other large investors have also bought and sold shares of the business. Morgan Stanley raised its position 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 valued at $4,147,225,000 after purchasing an additional 186,391 shares during the last quarter. LPL Financial LLC increased its stake in shares of iShares S&P 500 Growth ETF by 1.8% in 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 in the last quarter. Wells Fargo & Company MN increased its stake 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 valued at $1,851,508,000 after buying an additional 80,216 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of iShares S&P 500 Growth ETF by 3.4% in the fourth quarter. Cetera Investment Advisers now owns 4,509,307 shares of the company’s stock valued at $555,817,000 after buying an additional 146,739 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in iShares S&P 500 Growth ETF by 1.1% during the 4th quarter. Raymond James Financial Inc. now owns 4,354,800 shares of the company’s stock worth $536,773,000 after buying an additional 45,738 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Down 1.7%

Shares of NYSEARCA:IVW opened at $136.26 on Friday. The firm has a market cap of $74.22 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 $141.98. The company’s 50-day moving average price is $136.71 and its two-hundred day moving average price is $126.99.

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.