United Asset Strategies Inc. Takes $201,000 Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

United Asset Strategies Inc. purchased a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 2,672 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Moneta Group Investment Advisors LLC grew its holdings in iShares S&P 500 Growth ETF by 111,454.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 552,700,957 shares of the company’s stock worth $32,333,006,000 after purchasing an additional 552,205,503 shares during the period. JPMorgan Chase & Co. grew its holdings in iShares S&P 500 Growth ETF by 0.5% during the third quarter. JPMorgan Chase & Co. now owns 43,367,674 shares of the company’s stock worth $2,967,216,000 after purchasing an additional 229,932 shares during the period. Morgan Stanley grew its holdings in iShares S&P 500 Growth ETF by 5.5% during the third quarter. Morgan Stanley now owns 29,378,514 shares of the company’s stock worth $2,010,078,000 after purchasing an additional 1,542,503 shares during the period. Envestnet Asset Management Inc. lifted its position in iShares S&P 500 Growth ETF by 54.8% during the third quarter. Envestnet Asset Management Inc. now owns 21,690,571 shares of the company’s stock worth $1,484,069,000 after acquiring an additional 7,681,845 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in iShares S&P 500 Growth ETF by 0.8% during the third quarter. Jones Financial Companies Lllp now owns 17,974,485 shares of the company’s stock worth $1,229,814,000 after acquiring an additional 138,408 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Down 1.0 %

Shares of IVW stock opened at $81.60 on Thursday. The firm has a 50 day moving average price of $83.08 and a two-hundred day moving average price of $76.49. The company has a market capitalization of $42.82 billion, a PE ratio of 28.34 and a beta of 1.10. iShares S&P 500 Growth ETF has a 12-month low of $63.10 and a 12-month high of $85.56.

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.