RiverFront Investment Group LLC Boosts Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

RiverFront Investment Group LLC raised its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 39.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 13,396 shares of the company’s stock after acquiring an additional 3,805 shares during the period. RiverFront Investment Group LLC’s holdings in iShares S&P 500 Growth ETF were worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of IVW. Annex Advisory Services LLC lifted its holdings in shares of iShares S&P 500 Growth ETF by 2.7% during the second quarter. Annex Advisory Services LLC now owns 4,165 shares of the company’s stock worth $385,000 after purchasing an additional 110 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in shares of iShares S&P 500 Growth ETF by 10.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,320 shares of the company’s stock worth $122,000 after acquiring an additional 120 shares during the period. Texas Capital Bancshares Inc TX lifted its stake in shares of iShares S&P 500 Growth ETF by 4.1% in the 1st quarter. Texas Capital Bancshares Inc TX now owns 3,102 shares of the company’s stock worth $262,000 after acquiring an additional 122 shares during the period. Processus Wealth & Capital Management LLC boosted its holdings in shares of iShares S&P 500 Growth ETF by 1.0% in the second quarter. Processus Wealth & Capital Management LLC now owns 12,423 shares of the company’s stock valued at $1,150,000 after acquiring an additional 122 shares in the last quarter. Finally, Diversified LLC raised its holdings in iShares S&P 500 Growth ETF by 4.3% during the second quarter. Diversified LLC now owns 3,013 shares of the company’s stock worth $279,000 after purchasing an additional 123 shares in the last quarter.

iShares S&P 500 Growth ETF Trading Down 1.4 %

Shares of IVW stock opened at $94.41 on Wednesday. iShares S&P 500 Growth ETF has a 12-month low of $65.53 and a 12-month high of $97.22. The company has a market cap of $49.46 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. The stock has a 50 day simple moving average of $91.62 and a 200-day simple moving average of $89.08.

iShares S&P 500 Growth ETF Company 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.