Lane Brothers & Co. Inc. Invests $861,000 in iShares S&P 500 Growth ETF $IVW

Lane Brothers & Co. Inc. acquired a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,985 shares of the company’s stock, valued at approximately $861,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Focus Partners Wealth boosted its position in iShares S&P 500 Growth ETF by 81.0% during the fourth quarter. Focus Partners Wealth now owns 1,920,546 shares of the company’s stock worth $236,725,000 after acquiring an additional 859,584 shares during the last quarter. Valpey Financial Services LLC raised its holdings in iShares S&P 500 Growth ETF by 11,889.3% in the 4th quarter. Valpey Financial Services LLC now owns 712,286 shares of the company’s stock valued at $87,796,000 after acquiring an additional 706,345 shares during the last quarter. Align Financial LLC acquired a new position in iShares S&P 500 Growth ETF in the 4th quarter valued at $49,180,000. MML Investors Services LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 10.9% during the 4th quarter. MML Investors Services LLC now owns 3,645,204 shares of the company’s stock worth $449,308,000 after purchasing an additional 358,496 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 1.8% during the 4th quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock worth $2,442,579,000 after purchasing an additional 357,495 shares during the period.

iShares S&P 500 Growth ETF Price Performance

IVW stock opened at $137.96 on Friday. iShares S&P 500 Growth ETF has a 52-week low of $104.21 and a 52-week high of $141.98. The stock’s fifty day simple moving average is $133.56 and its 200-day simple moving average is $125.28. The stock has a market capitalization of $74.77 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17.

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.