PFG Advisors Purchases Shares of 36,423 iShares S&P 500 Growth ETF $IVW

PFG Advisors acquired a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 36,423 shares of the company’s stock, valued at approximately $4,397,000.

Other institutional investors also recently modified their holdings of the company. Davis Capital Management bought a new stake in shares of iShares S&P 500 Growth ETF during the third quarter valued at approximately $28,000. Darwin Wealth Management LLC bought a new position in iShares S&P 500 Growth ETF in the second quarter worth $30,000. Howe & Rusling Inc. lifted its position in iShares S&P 500 Growth ETF by 484.1% in the third quarter. Howe & Rusling Inc. now owns 257 shares of the company’s stock worth $31,000 after purchasing an additional 213 shares during the period. Financial Consulate Inc. acquired a new stake in iShares S&P 500 Growth ETF during the third quarter worth $41,000. Finally, Optiver Holding B.V. acquired a new stake in iShares S&P 500 Growth ETF during the third quarter worth $46,000.

iShares S&P 500 Growth ETF Price Performance

Shares of iShares S&P 500 Growth ETF stock opened at $119.78 on Tuesday. The firm has a market capitalization of $64.30 billion, a PE ratio of 33.33 and a beta of 1.11. The company’s fifty day moving average price is $122.06 and its two-hundred day moving average price is $121.38. iShares S&P 500 Growth ETF has a 52-week low of $79.31 and a 52-week high of $126.61.

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. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.