Raymond James & Associates Increases Stock Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Raymond James & Associates lifted its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,111,674 shares of the company’s stock after acquiring an additional 39,828 shares during the period. Raymond James & Associates’ holdings in iShares S&P 500 Growth ETF were worth $178,310,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Financial Connections Group Inc. acquired a new stake in iShares S&P 500 Growth ETF during the fourth quarter worth about $28,000. Goodwin Investment Advisory purchased a new position in iShares S&P 500 Growth ETF in the fourth quarter valued at approximately $29,000. Life Planning Partners Inc acquired a new position in iShares S&P 500 Growth ETF during the fourth quarter valued at approximately $32,000. Howe & Rusling Inc. increased its holdings in iShares S&P 500 Growth ETF by 1,137.2% in the 3rd quarter. Howe & Rusling Inc. now owns 532 shares of the company’s stock valued at $36,000 after purchasing an additional 489 shares in the last quarter. Finally, Northwest Financial Advisors acquired a new position in shares of iShares S&P 500 Growth ETF during the fourth quarter worth $38,000.

iShares S&P 500 Growth ETF Trading Up 1.9 %

IVW stock traded up $1.56 during midday trading on Friday, hitting $82.53. 1,811,103 shares of the company’s stock were exchanged, compared to its average volume of 3,597,853. The firm has a 50 day moving average price of $83.03 and a 200-day moving average price of $77.12. iShares S&P 500 Growth ETF has a 12-month low of $63.19 and a 12-month high of $85.56. The stock has a market capitalization of $43.10 billion, a price-to-earnings ratio of 27.41 and a beta of 1.12.

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.