Portfolio Resources Advisor Group Inc. Purchases New Shares in iShares S&P 500 Growth ETF $IVW

Portfolio Resources Advisor Group Inc. purchased a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 65,976 shares of the company’s stock, valued at approximately $8,132,000. iShares S&P 500 Growth ETF makes up approximately 8.1% of Portfolio Resources Advisor Group Inc.’s portfolio, making the stock its 2nd largest holding.

Several other institutional investors and hedge funds have also modified their holdings of IVW. Morgan Stanley grew its stake in iShares S&P 500 Growth ETF by 0.6% during the fourth quarter. Morgan Stanley now owns 33,646,152 shares of the company’s stock worth $4,147,225,000 after buying an additional 186,391 shares in the last quarter. LPL Financial LLC grew its stake in iShares S&P 500 Growth ETF by 1.8% during the fourth quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock worth $2,442,579,000 after buying an additional 357,495 shares in the last quarter. Wells Fargo & Company MN grew its stake in iShares S&P 500 Growth ETF by 0.5% during the fourth quarter. Wells Fargo & Company MN now owns 15,021,156 shares of the company’s stock worth $1,851,508,000 after buying an additional 80,216 shares in the last quarter. UBS Group AG grew its stake in iShares S&P 500 Growth ETF by 0.9% during the third quarter. UBS Group AG now owns 8,911,282 shares of the company’s stock worth $1,075,770,000 after buying an additional 76,602 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in iShares S&P 500 Growth ETF by 1.2% during the third quarter. Raymond James Financial Inc. now owns 4,309,062 shares of the company’s stock worth $520,190,000 after buying an additional 52,514 shares in the last quarter.

iShares S&P 500 Growth ETF Price Performance

Shares of iShares S&P 500 Growth ETF stock opened at $135.00 on Monday. The company has a market capitalization of $73.16 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a 12-month low of $104.21 and a 12-month high of $141.98. The firm’s 50-day moving average price is $131.40 and its two-hundred day moving average price is $124.79.

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. 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.