Sowell Financial Services LLC Acquires 4,738 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Sowell Financial Services LLC boosted its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 11.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 45,117 shares of the company’s stock after purchasing an additional 4,738 shares during the period. Sowell Financial Services LLC’s holdings in iShares S&P 500 Growth ETF were worth $4,581,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. BankPlus Trust Department purchased a new position in shares of iShares S&P 500 Growth ETF in the fourth quarter worth about $36,000. Hantz Financial Services Inc. bought a new position in shares of iShares S&P 500 Growth ETF in the 4th quarter worth approximately $40,000. Compass Financial Services Inc bought a new position in iShares S&P 500 Growth ETF in the fourth quarter worth $40,000. Bellevue Asset Management LLC purchased a new stake in iShares S&P 500 Growth ETF in the fourth quarter worth about $42,000. Finally, POM Investment Strategies LLC increased its position in iShares S&P 500 Growth ETF by 194.8% during the 4th quarter. POM Investment Strategies LLC now owns 457 shares of the company’s stock valued at $46,000 after buying an additional 302 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock opened at $96.55 on Friday. The company’s 50-day moving average is $103.14 and its 200 day moving average is $99.58. iShares S&P 500 Growth ETF has a one year low of $79.07 and a one year high of $107.14. The company has a market capitalization of $53.31 billion, a price-to-earnings ratio of 30.05 and a beta of 1.08.

iShares S&P 500 Growth ETF 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.