Fragasso Financial Advisors Inc Takes $235,000 Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Fragasso Financial Advisors Inc purchased a new stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,311 shares of the company’s stock, valued at approximately $235,000.

Several other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC lifted its position in iShares S&P 500 Growth ETF by 1.7% during the 3rd quarter. LPL Financial LLC now owns 15,682,897 shares of the company’s stock valued at $1,501,637,000 after purchasing an additional 255,991 shares during the period. Stifel Financial Corp lifted its holdings in iShares S&P 500 Growth ETF by 0.3% in the third quarter. Stifel Financial Corp now owns 7,475,408 shares of the company’s stock valued at $715,775,000 after buying an additional 22,565 shares during the period. Ameriprise Financial Inc. boosted its stake in iShares S&P 500 Growth ETF by 6.8% in the second quarter. Ameriprise Financial Inc. now owns 7,363,062 shares of the company’s stock valued at $680,575,000 after acquiring an additional 467,356 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in iShares S&P 500 Growth ETF by 2.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,329,231 shares of the company’s stock worth $510,274,000 after acquiring an additional 134,169 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of iShares S&P 500 Growth ETF by 30.5% during the 2nd quarter. Cetera Investment Advisers now owns 3,320,633 shares of the company’s stock valued at $307,291,000 after acquiring an additional 775,318 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Down 0.3 %

NYSEARCA:IVW opened at $100.76 on Tuesday. iShares S&P 500 Growth ETF has a 12-month low of $74.61 and a 12-month high of $105.64. The stock’s fifty day simple moving average is $101.92 and its 200-day simple moving average is $96.47. The firm has a market capitalization of $52.79 billion, a P/E ratio of 28.52 and a beta of 1.14.

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.