Dorsey Wright & Associates Acquires New Shares in iShares S&P 500 Growth ETF $IVW

Dorsey Wright & Associates bought a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the third quarter, HoldingsChannel.com reports. The firm bought 24,877 shares of the company’s stock, valued at approximately $3,003,000.

Several other institutional investors have also recently bought and sold shares of IVW. Envestnet Asset Management Inc. boosted its stake in shares of iShares S&P 500 Growth ETF by 0.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 45,556,746 shares of the company’s stock valued at $5,499,610,000 after purchasing an additional 179,866 shares in the last quarter. UBS Group AG grew its holdings in shares of iShares S&P 500 Growth ETF by 0.9% during the 3rd quarter. UBS Group AG now owns 8,911,282 shares of the company’s stock valued at $1,075,770,000 after purchasing an additional 76,602 shares during the last quarter. Ameriprise Financial Inc. increased its position in iShares S&P 500 Growth ETF by 6.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,499,823 shares of the company’s stock worth $935,874,000 after purchasing an additional 547,663 shares in the last quarter. Raymond James Financial Inc. increased its position in iShares S&P 500 Growth ETF by 1.2% during the 3rd quarter. Raymond James Financial Inc. now owns 4,309,062 shares of the company’s stock worth $520,190,000 after purchasing an additional 52,514 shares in the last quarter. Finally, Lido Advisors LLC lifted its stake in iShares S&P 500 Growth ETF by 6.5% in the 3rd quarter. Lido Advisors LLC now owns 3,639,449 shares of the company’s stock valued at $439,354,000 after purchasing an additional 221,311 shares during the last quarter.

iShares S&P 500 Growth ETF Price Performance

Shares of NYSEARCA:IVW opened at $118.35 on Wednesday. iShares S&P 500 Growth ETF has a one year low of $79.31 and a one year high of $126.61. The company has a market cap of $63.53 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11. The firm has a 50 day simple moving average of $121.43 and a 200 day simple moving average of $121.51.

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.