Investment Advisory Group LLC Has $8.66 Million Position in iShares S&P 500 Growth ETF $IVW

Investment Advisory Group LLC grew its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 4.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 78,634 shares of the company’s stock after purchasing an additional 3,209 shares during the period. iShares S&P 500 Growth ETF comprises approximately 2.6% of Investment Advisory Group LLC’s portfolio, making the stock its 7th biggest holding. Investment Advisory Group LLC’s holdings in iShares S&P 500 Growth ETF were worth $8,658,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in IVW. Envestnet Asset Management Inc. boosted its holdings in shares of iShares S&P 500 Growth ETF by 5.1% in the first quarter. Envestnet Asset Management Inc. now owns 48,079,544 shares of the company’s stock worth $4,463,224,000 after buying an additional 2,350,072 shares during the period. LPL Financial LLC boosted its holdings in shares of iShares S&P 500 Growth ETF by 5.5% in the first quarter. LPL Financial LLC now owns 18,929,345 shares of the company’s stock worth $1,757,211,000 after buying an additional 988,955 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of iShares S&P 500 Growth ETF by 4.4% in the first quarter. Goldman Sachs Group Inc. now owns 6,639,595 shares of the company’s stock worth $616,354,000 after buying an additional 279,859 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of iShares S&P 500 Growth ETF by 4.3% in the first quarter. Commonwealth Equity Services LLC now owns 3,533,251 shares of the company’s stock worth $327,992,000 after buying an additional 147,169 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of iShares S&P 500 Growth ETF by 7.9% in the first quarter. Cetera Investment Advisers now owns 3,465,787 shares of the company’s stock worth $321,729,000 after buying an additional 253,383 shares during the period.

iShares S&P 500 Growth ETF Price Performance

Shares of IVW opened at $118.29 on Friday. iShares S&P 500 Growth ETF has a one year low of $79.31 and a one year high of $122.66. The company has a 50-day moving average of $117.43 and a two-hundred day moving average of $107.24. The stock has a market cap of $64.41 billion, a price-to-earnings ratio of 33.33 and a beta of 1.05.

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.