Blankinship & Foster LLC Invests $1.43 Million in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Blankinship & Foster LLC purchased a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,045 shares of the company’s stock, valued at approximately $1,426,000. iShares S&P 500 Growth ETF makes up about 0.4% of Blankinship & Foster LLC’s investment portfolio, making the stock its 25th biggest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IVW. BankPlus Trust Department bought a new position in iShares S&P 500 Growth ETF during the fourth quarter valued at approximately $36,000. Hantz Financial Services Inc. bought a new position in iShares S&P 500 Growth ETF during the fourth quarter valued at approximately $40,000. Compass Financial Services Inc bought a new position in iShares S&P 500 Growth ETF during the fourth quarter valued at approximately $40,000. Bellevue Asset Management LLC bought a new position in iShares S&P 500 Growth ETF during the fourth quarter valued at approximately $42,000. Finally, POM Investment Strategies LLC raised its position in iShares S&P 500 Growth ETF by 194.8% during the fourth quarter. POM Investment Strategies LLC now owns 457 shares of the company’s stock valued at $46,000 after acquiring an additional 302 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW opened at $96.55 on Friday. The firm has a market cap of $53.87 billion, a PE ratio of 33.87 and a beta of 1.07. The firm’s 50 day moving average price is $103.14 and its 200 day moving average price is $99.54. iShares S&P 500 Growth ETF has a twelve month low of $79.07 and a twelve month high of $107.14.

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.