Ledyard National Bank Makes New $291,000 Investment in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Ledyard National Bank bought a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 3,442 shares of the company’s stock, valued at approximately $291,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Anchor Investment Management LLC purchased a new stake in shares of iShares S&P 500 Growth ETF during the fourth quarter valued at about $75,000. Dfpg Investments LLC lifted its position in shares of iShares S&P 500 Growth ETF by 15.0% during the fourth quarter. Dfpg Investments LLC now owns 17,478 shares of the company’s stock valued at $1,281,000 after buying an additional 2,277 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of iShares S&P 500 Growth ETF by 797.7% during the fourth quarter. Sound Income Strategies LLC now owns 2,379 shares of the company’s stock valued at $179,000 after buying an additional 2,114 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of iShares S&P 500 Growth ETF by 16.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 13,389 shares of the company’s stock valued at $1,006,000 after buying an additional 1,931 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in shares of iShares S&P 500 Growth ETF by 15.5% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 16,110 shares of the company’s stock valued at $1,176,000 after buying an additional 2,163 shares during the last quarter.

iShares S&P 500 Growth ETF Price Performance

Shares of IVW stock traded down $0.65 during mid-day trading on Friday, hitting $92.06. 1,075,000 shares of the stock traded hands, compared to its average volume of 3,295,327. The stock has a market cap of $48.23 billion, a P/E ratio of 28.52 and a beta of 1.14. The stock’s fifty day moving average is $90.81 and its two-hundred day moving average is $84.45. iShares S&P 500 Growth ETF has a 52-week low of $65.53 and a 52-week high of $97.22.

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.