Exchange Capital Management Inc. Takes $234,000 Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Exchange Capital Management Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,772 shares of the company’s stock, valued at approximately $234,000.

Other large investors also recently modified their holdings of the company. Kessler Investment Group LLC raised its holdings in shares of iShares S&P 500 Growth ETF by 0.8% in the fourth quarter. Kessler Investment Group LLC now owns 15,887 shares of the company’s stock worth $1,193,000 after buying an additional 129 shares during the period. Meridian Wealth Advisors LLC increased its holdings in iShares S&P 500 Growth ETF by 0.6% during the 4th quarter. Meridian Wealth Advisors LLC now owns 23,696 shares of the company’s stock worth $1,780,000 after purchasing an additional 136 shares during the period. ICA Group Wealth Management LLC increased its holdings in iShares S&P 500 Growth ETF by 2.6% during the 4th quarter. ICA Group Wealth Management LLC now owns 5,535 shares of the company’s stock worth $416,000 after purchasing an additional 139 shares during the period. Inspirion Wealth Advisors LLC increased its holdings in iShares S&P 500 Growth ETF by 0.9% during the 1st quarter. Inspirion Wealth Advisors LLC now owns 16,090 shares of the company’s stock worth $1,359,000 after purchasing an additional 140 shares during the period. Finally, Catalyst Financial Partners LLC increased its holdings in iShares S&P 500 Growth ETF by 3.3% during the 4th quarter. Catalyst Financial Partners LLC now owns 4,425 shares of the company’s stock worth $332,000 after purchasing an additional 142 shares during the period.

iShares S&P 500 Growth ETF Stock Up 0.9 %

IVW opened at $94.05 on Wednesday. The stock’s fifty day moving average is $87.55 and its two-hundred day moving average is $82.73. The company has a market capitalization of $49.27 billion, a P/E ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 52 week low of $65.53 and a 52 week high of $94.17.

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.