Northwestern Mutual Wealth Management Co. Buys 19,074 Shares of iShares S&P 500 Growth ETF $IVW

Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,697,013 shares of the company’s stock after acquiring an additional 19,074 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.32% of iShares S&P 500 Growth ETF worth $209,174,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. bought a new stake in iShares S&P 500 Growth ETF during the 4th quarter worth about $28,000. Turning Point Benefit Group Inc. bought a new stake in iShares S&P 500 Growth ETF during the 3rd quarter worth about $28,000. Darwin Wealth Management LLC bought a new stake in iShares S&P 500 Growth ETF during the 2nd quarter worth about $30,000. Howe & Rusling Inc. boosted its position in iShares S&P 500 Growth ETF by 484.1% in the 3rd quarter. Howe & Rusling Inc. now owns 257 shares of the company’s stock valued at $31,000 after buying an additional 213 shares during the last quarter. Finally, Entrust Financial LLC bought a new position in iShares S&P 500 Growth ETF in the 4th quarter valued at $33,000.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW opened at $139.60 on Friday. The firm has a market capitalization of $75.66 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. The business’s fifty day moving average price is $126.23 and its two-hundred day moving average price is $123.53. iShares S&P 500 Growth ETF has a 52 week low of $102.32 and a 52 week high of $139.74.

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. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.