Mendel Money Management grew its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,306 shares of the company’s stock after acquiring an additional 296 shares during the quarter. Mendel Money Management’s holdings in iShares S&P 500 Growth ETF were worth $539,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in iShares S&P 500 Growth ETF during the fourth quarter worth approximately $456,880,000. Wealthfront Advisers LLC acquired a new position in iShares S&P 500 Growth ETF in the fourth quarter valued at $350,009,000. LPL Financial LLC increased its stake in iShares S&P 500 Growth ETF by 14.4% during the fourth quarter. LPL Financial LLC now owns 17,940,390 shares of the company’s stock worth $1,821,488,000 after acquiring an additional 2,257,493 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of iShares S&P 500 Growth ETF in the 3rd quarter worth about $82,464,000. Finally, Arvest Bank Trust Division acquired a new position in shares of iShares S&P 500 Growth ETF in the 3rd quarter valued at about $56,971,000.
iShares S&P 500 Growth ETF Stock Performance
IVW opened at $97.62 on Wednesday. The company has a market cap of $53.73 billion, a PE ratio of 30.22 and a beta of 1.08. iShares S&P 500 Growth ETF has a 1 year low of $79.07 and a 1 year high of $107.14. The firm has a 50 day moving average price of $101.34 and a 200 day moving average price of $99.84.
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.
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