Kovack Advisors Inc. Boosts Stock Holdings in iShares S&P 500 Growth ETF $IVW

Kovack Advisors Inc. grew its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 133.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,716 shares of the company’s stock after purchasing an additional 17,011 shares during the period. Kovack Advisors Inc.’s holdings in iShares S&P 500 Growth ETF were worth $3,663,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of IVW. Decker Retirement Planning Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF in the fourth quarter worth about $28,000. Turning Point Benefit Group Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF during the 3rd quarter valued at $28,000. Darwin Wealth Management LLC bought a new stake in shares of iShares S&P 500 Growth ETF during the 2nd quarter worth $30,000. Entrust Financial LLC bought a new stake in shares of iShares S&P 500 Growth ETF during the 4th quarter worth $33,000. Finally, Carolina Wealth Advisors LLC purchased a new position in iShares S&P 500 Growth ETF in the fourth quarter worth $36,000.

iShares S&P 500 Growth ETF Trading Up 2.2%

Shares of NYSEARCA IVW opened at $134.50 on Friday. The stock has a market cap of $72.89 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a 1-year low of $104.21 and a 1-year high of $141.98. The stock’s 50-day moving average is $130.99 and its 200 day moving average is $124.69.

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.