LPL Financial LLC Has $1.50 Billion Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

LPL Financial LLC lifted its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.7% during the third quarter, HoldingsChannel reports. The fund owned 15,682,897 shares of the company’s stock after purchasing an additional 255,991 shares during the quarter. iShares S&P 500 Growth ETF comprises approximately 0.7% of LPL Financial LLC’s holdings, making the stock its 24th biggest position. LPL Financial LLC’s holdings in iShares S&P 500 Growth ETF were worth $1,501,637,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. 1620 Investment Advisors Inc. acquired a new position in iShares S&P 500 Growth ETF in the 2nd quarter worth about $34,000. Financial Connections Group Inc. bought a new position in iShares S&P 500 Growth ETF during the second quarter valued at approximately $35,000. Davis Capital Management lifted its stake in iShares S&P 500 Growth ETF by 78.4% in the third quarter. Davis Capital Management now owns 412 shares of the company’s stock valued at $39,000 after acquiring an additional 181 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its stake in iShares S&P 500 Growth ETF by 91.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 417 shares of the company’s stock valued at $39,000 after acquiring an additional 199 shares during the last quarter. Finally, Avondale Wealth Management grew its position in iShares S&P 500 Growth ETF by 56.1% in the second quarter. Avondale Wealth Management now owns 434 shares of the company’s stock worth $40,000 after acquiring an additional 156 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Down 0.1 %

Shares of IVW opened at $99.54 on Thursday. The firm has a market cap of $52.15 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 12 month low of $71.93 and a 12 month high of $101.55. The company’s fifty day moving average is $96.80 and its 200-day moving average is $92.70.

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.