Principal Financial Group Inc. Buys New Stake in iShares S&P 500 Growth ETF $IVW

Principal Financial Group Inc. bought a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,929 shares of the company’s stock, valued at approximately $558,000.

Other institutional investors have also recently bought and sold shares of the company. Strive Financial Group LLC bought a new stake in iShares S&P 500 Growth ETF during the fourth quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of iShares S&P 500 Growth ETF in the fourth quarter valued at about $28,000. Financial Network Wealth Advisors LLC increased its stake in shares of iShares S&P 500 Growth ETF by 174.4% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after purchasing an additional 143 shares during the period. Turning Point Benefit Group Inc. bought a new position in shares of iShares S&P 500 Growth ETF in the third quarter worth about $28,000. Finally, Entrust Financial LLC bought a new position in shares of iShares S&P 500 Growth ETF in the fourth quarter worth about $33,000.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA IVW opened at $135.25 on Friday. The stock has a 50-day simple moving average of $136.10 and a 200 day simple moving average of $127.71. iShares S&P 500 Growth ETF has a twelve month low of $108.13 and a twelve month high of $141.98. The stock has a market capitalization of $73.85 billion, a PE ratio of 33.33 and a beta of 1.17.

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.