Independent Financial Group LLC Makes New $4.57 Million Investment in iShares S&P 500 Growth ETF $IVW

Independent Financial Group LLC purchased a new stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the 1st quarter, HoldingsChannel reports. The fund purchased 40,370 shares of the company’s stock, valued at approximately $4,566,000.

Other institutional investors have also modified their holdings of the company. Brookstone Capital Management boosted its stake in iShares S&P 500 Growth ETF by 5.7% in the fourth quarter. Brookstone Capital Management now owns 237,167 shares of the company’s stock valued at $29,233,000 after acquiring an additional 12,778 shares in the last quarter. Capital Advantage Inc. grew its holdings in iShares S&P 500 Growth ETF by 40.9% in the fourth quarter. Capital Advantage Inc. now owns 25,498 shares of the company’s stock worth $3,143,000 after purchasing an additional 7,396 shares during the last quarter. Chatterton & Associates Inc. increased its position in shares of iShares S&P 500 Growth ETF by 33.5% during the first quarter. Chatterton & Associates Inc. now owns 44,180 shares of the company’s stock worth $5,306,000 after purchasing an additional 11,089 shares in the last quarter. Embree Financial Group increased its position in shares of iShares S&P 500 Growth ETF by 61.2% during the fourth quarter. Embree Financial Group now owns 61,699 shares of the company’s stock worth $7,605,000 after purchasing an additional 23,416 shares in the last quarter. Finally, Silver Oak Securities Incorporated lifted its holdings in shares of iShares S&P 500 Growth ETF by 270.9% during the 4th quarter. Silver Oak Securities Incorporated now owns 49,336 shares of the company’s stock valued at $6,126,000 after purchasing an additional 36,033 shares during the last quarter.

iShares S&P 500 Growth ETF Trading Down 1.5%

Shares of IVW opened at $134.26 on Friday. The firm has a market cap of $73.16 billion, a PE ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a 12 month low of $108.13 and a 12 month high of $141.98. The stock has a fifty day moving average price of $136.68 and a 200-day moving average price of $127.04.

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. 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.