Financial Perspectives Inc Purchases 3,114 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Financial Perspectives Inc boosted its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 3.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,043 shares of the company’s stock after buying an additional 3,114 shares during the quarter. iShares S&P 500 Growth ETF accounts for approximately 3.0% of Financial Perspectives Inc’s portfolio, making the stock its 8th largest holding. Financial Perspectives Inc’s holdings in iShares S&P 500 Growth ETF were worth $7,941,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 57.0% during the first quarter. CWM LLC now owns 4,419,212 shares of the company’s stock valued at $373,158,000 after buying an additional 1,604,659 shares during the period. Park Avenue Securities LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 145.0% during the first quarter. Park Avenue Securities LLC now owns 2,649,963 shares of the company’s stock valued at $223,763,000 after buying an additional 1,568,156 shares during the period. Morgan Stanley lifted its stake in shares of 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 valued at $2,010,078,000 after buying an additional 1,542,503 shares during the period. Midland Wealth Advisors LLC purchased a new position in shares of iShares S&P 500 Growth ETF during the fourth quarter valued at approximately $100,134,000. Finally, Comerica Bank purchased a new position in shares of iShares S&P 500 Growth ETF during the third quarter valued at approximately $75,684,000.

iShares S&P 500 Growth ETF Stock Up 0.9 %

Shares of IVW traded up $0.83 on Thursday, hitting $94.85. 1,653,765 shares of the stock traded hands, compared to its average volume of 3,364,259. The firm has a market capitalization of $49.69 billion, a P/E ratio of 28.52 and a beta of 1.14. The stock’s 50 day moving average is $88.07 and its two-hundred day moving average is $82.96. iShares S&P 500 Growth ETF has a 1 year low of $65.53 and a 1 year high of $94.90.

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.