iShares S&P 500 Growth ETF $IVW Stock Position Raised by PAX Financial Group LLC

PAX Financial Group LLC boosted its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,828 shares of the company’s stock after purchasing an additional 18,476 shares during the quarter. iShares S&P 500 Growth ETF comprises approximately 4.4% of PAX Financial Group LLC’s portfolio, making the stock its 4th biggest holding. PAX Financial Group LLC’s holdings in iShares S&P 500 Growth ETF were worth $25,494,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of IVW. United Bank grew its position in iShares S&P 500 Growth ETF by 4.6% during the second quarter. United Bank now owns 52,096 shares of the company’s stock valued at $5,736,000 after acquiring an additional 2,280 shares during the last quarter. Schnieders Capital Management LLC. bought a new position in iShares S&P 500 Growth ETF during the second quarter valued at approximately $600,000. Russell Investments Group Ltd. grew its position in iShares S&P 500 Growth ETF by 13.4% during the second quarter. Russell Investments Group Ltd. now owns 5,992 shares of the company’s stock valued at $660,000 after acquiring an additional 707 shares during the last quarter. First Trust Advisors LP grew its position in iShares S&P 500 Growth ETF by 15.4% during the second quarter. First Trust Advisors LP now owns 31,834 shares of the company’s stock valued at $3,505,000 after acquiring an additional 4,238 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new position in iShares S&P 500 Growth ETF during the second quarter valued at approximately $244,000.

iShares S&P 500 Growth ETF Price Performance

Shares of NYSEARCA IVW opened at $138.91 on Friday. iShares S&P 500 Growth ETF has a one year low of $100.76 and a one year high of $139.10. The firm’s 50 day simple moving average is $122.61 and its two-hundred day simple moving average is $122.63. The stock has a market capitalization of $75.28 billion, a P/E ratio of 33.33 and a beta of 1.17.

About iShares S&P 500 Growth ETF

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.