Cornerstone Planning Group LLC Has $6.48 Million Stake in iShares S&P 500 Growth ETF $IVW

Cornerstone Planning Group LLC raised its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 39.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 57,269 shares of the company’s stock after buying an additional 16,198 shares during the quarter. iShares S&P 500 Growth ETF comprises about 0.9% of Cornerstone Planning Group LLC’s portfolio, making the stock its 23rd largest holding. Cornerstone Planning Group LLC’s holdings in iShares S&P 500 Growth ETF were worth $6,478,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brookstone Capital Management raised its holdings in shares of iShares S&P 500 Growth ETF by 5.7% during the 4th quarter. Brookstone Capital Management now owns 237,167 shares of the company’s stock worth $29,233,000 after buying an additional 12,778 shares in the last quarter. Capital Advantage Inc. lifted its position in shares of iShares S&P 500 Growth ETF by 40.9% during the 4th quarter. Capital Advantage Inc. now owns 25,498 shares of the company’s stock worth $3,143,000 after buying an additional 7,396 shares during the last quarter. Chatterton & Associates Inc. boosted its stake in iShares S&P 500 Growth ETF by 33.5% in the first quarter. Chatterton & Associates Inc. now owns 44,180 shares of the company’s stock valued at $5,306,000 after buying an additional 11,089 shares in the last quarter. Embree Financial Group boosted its stake in iShares S&P 500 Growth ETF by 61.2% in the fourth quarter. Embree Financial Group now owns 61,699 shares of the company’s stock valued at $7,605,000 after buying an additional 23,416 shares in the last quarter. Finally, Silver Oak Securities Incorporated grew its position in iShares S&P 500 Growth ETF by 270.9% in the fourth quarter. Silver Oak Securities Incorporated now owns 49,336 shares of the company’s stock valued at $6,126,000 after acquiring an additional 36,033 shares during the last quarter.

iShares S&P 500 Growth ETF Trading Down 1.5%

Shares of NYSEARCA IVW opened at $134.26 on Friday. The company has a market cap of $73.16 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a 12 month low of $108.13 and a 12 month high of $141.98. The stock has a 50-day moving average price of $136.68 and a two-hundred day moving average price of $127.04.

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.