WealthTrak Capital Management LLC Makes New $1.53 Million Investment in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

WealthTrak Capital Management LLC purchased a new stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,097 shares of the company’s stock, valued at approximately $1,533,000. iShares S&P 500 Growth ETF makes up about 1.3% of WealthTrak Capital Management LLC’s portfolio, making the stock its 21st largest position.

A number of other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in iShares S&P 500 Growth ETF by 1.7% during the 4th quarter. JPMorgan Chase & Co. now owns 44,878,487 shares of the company’s stock valued at $4,556,513,000 after purchasing an additional 764,970 shares during the period. LPL Financial LLC boosted its stake in shares of iShares S&P 500 Growth ETF by 14.4% during the fourth quarter. LPL Financial LLC now owns 17,940,390 shares of the company’s stock valued at $1,821,488,000 after purchasing an additional 2,257,493 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of iShares S&P 500 Growth ETF by 0.3% during the third quarter. Stifel Financial Corp now owns 7,475,408 shares of the company’s stock valued at $715,775,000 after purchasing an additional 22,565 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in iShares S&P 500 Growth ETF by 2.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,478,191 shares of the company’s stock valued at $556,201,000 after buying an additional 148,960 shares during the period. Finally, Raymond James Financial Inc. bought a new position in iShares S&P 500 Growth ETF in the fourth quarter worth approximately $456,880,000.

iShares S&P 500 Growth ETF Trading Down 2.4 %

Shares of NYSEARCA IVW opened at $92.55 on Friday. iShares S&P 500 Growth ETF has a 12-month low of $79.07 and a 12-month high of $107.14. The stock’s fifty day simple moving average is $100.81 and its two-hundred day simple moving average is $99.80. The stock has a market capitalization of $50.94 billion, a PE ratio of 30.22 and a beta of 1.08.

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.