Farmers & Merchants Investments Inc. increased its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,910 shares of the company’s stock after purchasing an additional 1,225 shares during the period. Farmers & Merchants Investments Inc.’s holdings in iShares S&P 500 Growth ETF were worth $10,449,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. boosted its stake in iShares S&P 500 Growth ETF by 60.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,371,552 shares of the company’s stock valued at $589,623,000 after purchasing an additional 2,404,544 shares during the period. Cetera Investment Advisers boosted its position in shares of iShares S&P 500 Growth ETF by 200.4% during the first quarter. Cetera Investment Advisers now owns 2,545,315 shares of the company’s stock worth $214,926,000 after buying an additional 1,698,066 shares during the period. CWM LLC grew its holdings in iShares S&P 500 Growth ETF by 57.0% in the 1st quarter. CWM LLC now owns 4,419,212 shares of the company’s stock worth $373,158,000 after buying an additional 1,604,659 shares in the last quarter. Park Avenue Securities LLC increased its position in iShares S&P 500 Growth ETF by 60.1% in the 2nd quarter. Park Avenue Securities LLC now owns 4,243,838 shares of the company’s stock valued at $392,725,000 after acquiring an additional 1,593,875 shares during the period. Finally, Midland Wealth Advisors LLC acquired a new stake in iShares S&P 500 Growth ETF in the 4th quarter valued at approximately $100,134,000.
iShares S&P 500 Growth ETF Stock Down 0.4 %
IVW stock traded down $0.39 during trading on Friday, reaching $89.81. 295,493 shares of the company’s stock were exchanged, compared to its average volume of 3,185,167. iShares S&P 500 Growth ETF has a 1-year low of $65.53 and a 1-year high of $97.22. The firm has a market cap of $47.05 billion, a PE ratio of 28.52 and a beta of 1.14. The company’s fifty day moving average price is $92.03 and its 200-day moving average price is $87.63.
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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