Midwest Financial Network LLC Invests $747,000 in iShares S&P 500 Growth ETF $IVW

Midwest Financial Network LLC acquired a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,428 shares of the company’s stock, valued at approximately $747,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Morgan Stanley raised its stake in shares of iShares S&P 500 Growth ETF by 0.6% during the 4th quarter. Morgan Stanley now owns 33,646,152 shares of the company’s stock worth $4,147,225,000 after purchasing an additional 186,391 shares in the last quarter. LPL Financial LLC grew 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. Bank of America Corp DE grew its stake in shares of iShares S&P 500 Growth ETF by 6.6% in the first quarter. Bank of America Corp DE now owns 19,779,268 shares of the company’s stock valued at $2,237,233,000 after buying an additional 1,229,382 shares in the last quarter. Wells Fargo & Company MN raised its position in iShares S&P 500 Growth ETF by 0.5% during the fourth quarter. Wells Fargo & Company MN now owns 15,021,156 shares of the company’s stock worth $1,851,508,000 after acquiring an additional 80,216 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in iShares S&P 500 Growth ETF by 5.4% in the first quarter. Cetera Investment Advisers now owns 4,754,617 shares of the company’s stock valued at $537,795,000 after acquiring an additional 245,310 shares during the last quarter.

iShares S&P 500 Growth ETF Price Performance

Shares of IVW opened at $141.24 on Thursday. The firm has a 50-day moving average of $136.25 and a 200-day moving average of $128.07. iShares S&P 500 Growth ETF has a one year low of $108.13 and a one year high of $143.26. The company has a market cap of $77.11 billion, a PE ratio of 33.33 and a beta of 1.17.

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.