Winthrop Advisory Group LLC Purchases New Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Winthrop Advisory Group LLC purchased a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 44,618 shares of the company’s stock, valued at approximately $4,530,000. iShares S&P 500 Growth ETF makes up about 0.5% of Winthrop Advisory Group LLC’s holdings, making the stock its 23rd largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of IVW. LPL Financial LLC grew its position in shares of iShares S&P 500 Growth ETF by 1.7% during the 3rd quarter. LPL Financial LLC now owns 15,682,897 shares of the company’s stock worth $1,501,637,000 after purchasing an additional 255,991 shares in the last quarter. Stifel Financial Corp grew its position in shares of iShares S&P 500 Growth ETF by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 7,475,408 shares of the company’s stock worth $715,775,000 after purchasing an additional 22,565 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of iShares S&P 500 Growth ETF by 6.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,363,062 shares of the company’s stock worth $680,575,000 after purchasing an additional 467,356 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of iShares S&P 500 Growth ETF by 2.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,329,231 shares of the company’s stock worth $510,274,000 after purchasing an additional 134,169 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of iShares S&P 500 Growth ETF by 30.5% during the 2nd quarter. Cetera Investment Advisers now owns 3,320,633 shares of the company’s stock worth $307,291,000 after purchasing an additional 775,318 shares in the last quarter.

iShares S&P 500 Growth ETF Trading Down 1.2 %

Shares of NYSEARCA:IVW traded down $1.23 on Monday, reaching $99.85. 234,400 shares of the company’s stock were exchanged, compared to its average volume of 1,803,468. The company has a fifty day moving average of $101.81 and a 200-day moving average of $96.42. iShares S&P 500 Growth ETF has a twelve month low of $74.61 and a twelve month high of $105.64. The company has a market capitalization of $52.31 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14.

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.