4,929 Shares in iShares S&P 500 Growth ETF $IVW Bought by Principal Financial Group Inc.

Principal Financial Group Inc. bought a new stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 4,929 shares of the company’s stock, valued at approximately $558,000.

A number of other hedge funds have also recently bought and sold shares of IVW. Focus Partners Wealth grew its position in iShares S&P 500 Growth ETF by 81.0% in the 4th quarter. Focus Partners Wealth now owns 1,920,546 shares of the company’s stock worth $236,725,000 after purchasing an additional 859,584 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of iShares S&P 500 Growth ETF by 131.3% during the 1st quarter. Fifth Third Bancorp now owns 1,497,810 shares of the company’s stock worth $169,417,000 after purchasing an additional 850,349 shares during the period. Valpey Financial Services LLC raised its position in shares of iShares S&P 500 Growth ETF by 11,889.3% during the fourth quarter. Valpey Financial Services LLC now owns 712,286 shares of the company’s stock valued at $87,796,000 after buying an additional 706,345 shares during the last quarter. Align Financial LLC acquired a new position in shares of iShares S&P 500 Growth ETF during the fourth quarter valued at about $49,180,000. Finally, MML Investors Services LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 10.9% in the fourth quarter. MML Investors Services LLC now owns 3,645,204 shares of the company’s stock valued at $449,308,000 after buying an additional 358,496 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA IVW opened at $135.25 on Friday. iShares S&P 500 Growth ETF has a twelve month low of $108.13 and a twelve month high of $141.98. The stock has a market cap of $73.85 billion, a PE ratio of 33.33 and a beta of 1.17. The firm has a 50-day simple moving average of $136.10 and a 200 day simple moving average of $127.71.

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.