TCP Asset Management LLC Has $19.66 Million Stake in iShares S&P 500 Growth ETF $IVW

TCP Asset Management LLC grew its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 3.4% during the fourth quarter, HoldingsChannel reports. The firm owned 159,531 shares of the company’s stock after buying an additional 5,239 shares during the period. iShares S&P 500 Growth ETF comprises approximately 3.3% of TCP Asset Management LLC’s portfolio, making the stock its 12th largest holding. TCP Asset Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $19,664,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of IVW. United Bank increased its position in shares of iShares S&P 500 Growth ETF by 4.6% during the second quarter. United Bank now owns 52,096 shares of the company’s stock worth $5,736,000 after acquiring an additional 2,280 shares in the last quarter. Schnieders Capital Management LLC. bought a new position in iShares S&P 500 Growth ETF in the 2nd quarter valued at about $600,000. Prudential PLC bought a new position in iShares S&P 500 Growth ETF in the 2nd quarter valued at about $958,000. MAI Capital Management boosted its stake in iShares S&P 500 Growth ETF by 5.9% during the 2nd quarter. MAI Capital Management now owns 1,114,092 shares of the company’s stock valued at $122,662,000 after purchasing an additional 61,879 shares during the last quarter. Finally, Sfmg LLC boosted its stake in iShares S&P 500 Growth ETF by 5.5% during the 2nd quarter. Sfmg LLC now owns 4,738 shares of the company’s stock valued at $522,000 after purchasing an additional 247 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW opened at $114.13 on Friday. The firm has a market capitalization of $61.26 billion, a P/E ratio of 33.33 and a beta of 1.11. iShares S&P 500 Growth ETF has a 52 week low of $79.31 and a 52 week high of $126.61. The stock has a 50 day moving average price of $120.92 and a two-hundred day moving average price of $121.44.

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.