New Century Financial Group LLC Makes New $4.63 Million Investment in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

New Century Financial Group LLC acquired a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 49,989 shares of the company’s stock, valued at approximately $4,626,000. iShares S&P 500 Growth ETF accounts for 2.0% of New Century Financial Group LLC’s investment portfolio, making the stock its 8th biggest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gordian Advisors LLC bought a new position in iShares S&P 500 Growth ETF during the fourth quarter worth $299,000. Exencial Wealth Advisors LLC boosted its position in shares of iShares S&P 500 Growth ETF by 6.1% in the fourth quarter. Exencial Wealth Advisors LLC now owns 91,159 shares of the company’s stock valued at $6,846,000 after acquiring an additional 5,277 shares during the period. Oxford Financial Group LTD. LLC boosted its position in shares of iShares S&P 500 Growth ETF by 27.6% in the fourth quarter. Oxford Financial Group LTD. LLC now owns 45,907 shares of the company’s stock valued at $3,448,000 after acquiring an additional 9,924 shares during the period. Foster Victor Wealth Advisors LLC bought a new stake in shares of iShares S&P 500 Growth ETF in the second quarter valued at about $226,000. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in shares of iShares S&P 500 Growth ETF in the fourth quarter valued at about $82,000.

iShares S&P 500 Growth ETF Stock Performance

Shares of iShares S&P 500 Growth ETF stock opened at $95.75 on Tuesday. The firm has a 50-day moving average of $91.61 and a 200-day moving average of $89.00. The stock has a market cap of $50.16 billion, a PE 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 $97.22.

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.