PKS Advisory Services LLC Buys Shares of 71,896 iShares S&P 500 Growth ETF (NYSEARCA:IVW)

PKS Advisory Services LLC purchased a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 71,896 shares of the company’s stock, valued at approximately $7,300,000. iShares S&P 500 Growth ETF makes up approximately 2.0% of PKS Advisory Services LLC’s portfolio, making the stock its 7th biggest position.

Several other institutional investors have also recently made changes to their positions in IVW. Signature Estate & Investment Advisors LLC increased its position in iShares S&P 500 Growth ETF by 2.6% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 75,081 shares of the company’s stock valued at $7,623,000 after purchasing an additional 1,889 shares during the period. FineMark National Bank & Trust increased its holdings in iShares S&P 500 Growth ETF by 12.1% during the fourth quarter. FineMark National Bank & Trust now owns 84,637 shares of the company’s stock valued at $8,593,000 after buying an additional 9,147 shares during the period. Modern Wealth Management LLC raised its stake in iShares S&P 500 Growth ETF by 8.6% in the fourth quarter. Modern Wealth Management LLC now owns 878,202 shares of the company’s stock worth $92,773,000 after buying an additional 69,195 shares in the last quarter. CoreFirst Bank & Trust purchased a new stake in iShares S&P 500 Growth ETF during the fourth quarter worth $97,000. Finally, Hershey Financial Advisers LLC bought a new stake in iShares S&P 500 Growth ETF during the 4th quarter valued at $497,000.

iShares S&P 500 Growth ETF Trading Up 2.3 %

IVW opened at $97.11 on Tuesday. The firm has a market cap of $53.45 billion, a price-to-earnings ratio of 30.22 and a beta of 1.08. iShares S&P 500 Growth ETF has a 12 month low of $79.07 and a 12 month high of $107.14. The stock has a fifty day moving average price of $101.40 and a 200-day moving average price of $99.77.

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.