iShares S&P 500 Growth ETF (NYSEARCA:IVW) Holdings Raised by Royal Fund Management LLC

Royal Fund Management LLC lifted its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 32.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 226,528 shares of the company’s stock after acquiring an additional 56,029 shares during the period. iShares S&P 500 Growth ETF comprises 1.9% of Royal Fund Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Royal Fund Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $17,015,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IVW. Envestnet Asset Management Inc. boosted its holdings in iShares S&P 500 Growth ETF by 54.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 21,690,571 shares of the company’s stock worth $1,484,069,000 after buying an additional 7,681,845 shares during the last quarter. LPL Financial LLC boosted its stake in shares of iShares S&P 500 Growth ETF by 35.1% in the third quarter. LPL Financial LLC now owns 7,697,945 shares of the company’s stock worth $526,693,000 after acquiring an additional 1,998,078 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF during the third quarter worth approximately $133,439,000. Morgan Stanley raised its stake in iShares S&P 500 Growth ETF by 5.5% in the 3rd quarter. Morgan Stanley now owns 29,378,514 shares of the company’s stock valued at $2,010,078,000 after purchasing an additional 1,542,503 shares during the last quarter. Finally, Comerica Bank purchased a new position in iShares S&P 500 Growth ETF in the 3rd quarter valued at $75,684,000.

iShares S&P 500 Growth ETF Trading Up 1.9 %

IVW traded up $1.52 on Friday, hitting $83.37. 2,580,985 shares of the company’s stock were exchanged, compared to its average volume of 3,509,656. iShares S&P 500 Growth ETF has a fifty-two week low of $63.19 and a fifty-two week high of $85.56. The stock has a market cap of $43.54 billion, a price-to-earnings ratio of 27.41 and a beta of 1.12. The firm has a 50-day moving average price of $83.10 and a 200-day moving average price of $77.44.

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.