iShares S&P 500 Growth ETF (NYSEARCA:IVW) Shares Acquired by Processus Wealth & Capital Management LLC

Processus Wealth & Capital Management LLC increased its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 2.1% in the fourth quarter, HoldingsChannel reports. The firm owned 12,210 shares of the company’s stock after acquiring an additional 246 shares during the period. Processus Wealth & Capital Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $1,240,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IVW. The Manufacturers Life Insurance Company acquired a new position in iShares S&P 500 Growth ETF in the 3rd quarter worth approximately $82,464,000. Arvest Bank Trust Division acquired a new position in iShares S&P 500 Growth ETF in the 3rd quarter worth approximately $56,971,000. Strategic Financial Concepts LLC boosted its stake in iShares S&P 500 Growth ETF by 10,066.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 425,892 shares of the company’s stock worth $479,000 after purchasing an additional 421,703 shares during the period. Sanctuary Advisors LLC boosted its stake in iShares S&P 500 Growth ETF by 29.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 1,412,222 shares of the company’s stock worth $140,686,000 after purchasing an additional 324,178 shares during the period. Finally, LPL Financial LLC boosted its stake in iShares S&P 500 Growth ETF by 1.7% in the 3rd quarter. LPL Financial LLC now owns 15,682,897 shares of the company’s stock worth $1,501,637,000 after purchasing an additional 255,991 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

iShares S&P 500 Growth ETF stock opened at $102.40 on Tuesday. The company has a 50 day moving average price of $103.98 and a 200 day moving average price of $99.14. The firm has a market capitalization of $57.14 billion, a price-to-earnings ratio of 33.87 and a beta of 1.07. iShares S&P 500 Growth ETF has a 52 week low of $79.07 and a 52 week high of $107.14.

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.