Meridian Wealth Partners LLC Raises Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Meridian Wealth Partners LLC grew its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 2.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 168,185 shares of the company’s stock after purchasing an additional 4,455 shares during the period. iShares S&P 500 Growth ETF makes up about 2.6% of Meridian Wealth Partners LLC’s holdings, making the stock its 13th largest holding. Meridian Wealth Partners LLC’s holdings in iShares S&P 500 Growth ETF were worth $17,076,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. LPL Financial LLC boosted its position in shares of iShares S&P 500 Growth ETF by 14.4% in the 4th quarter. LPL Financial LLC now owns 17,940,390 shares of the company’s stock worth $1,821,488,000 after buying an additional 2,257,493 shares in the last quarter. Stifel Financial Corp raised its position in iShares S&P 500 Growth ETF by 0.3% during the third quarter. Stifel Financial Corp now owns 7,475,408 shares of the company’s stock worth $715,775,000 after acquiring an additional 22,565 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of iShares S&P 500 Growth ETF by 2.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,478,191 shares of the company’s stock valued at $556,201,000 after purchasing an additional 148,960 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of iShares S&P 500 Growth ETF in the fourth quarter valued at approximately $456,880,000. Finally, Park Avenue Securities LLC increased its stake in shares of iShares S&P 500 Growth ETF by 0.4% during the 4th quarter. Park Avenue Securities LLC now owns 3,817,542 shares of the company’s stock worth $387,595,000 after purchasing an additional 15,623 shares in the last quarter.

iShares S&P 500 Growth ETF Price Performance

Shares of iShares S&P 500 Growth ETF stock opened at $94.91 on Friday. The business has a 50 day moving average price of $101.47 and a 200 day moving average price of $99.66. The company has a market capitalization of $52.41 billion, a P/E ratio of 30.05 and a beta of 1.08. iShares S&P 500 Growth ETF has a 1 year low of $79.07 and a 1 year high of $107.14.

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.