Riggs Capital Management LLC Purchases New Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Riggs Capital Management LLC acquired a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,708 shares of the company’s stock, valued at approximately $1,189,000. iShares S&P 500 Growth ETF comprises 1.2% of Riggs Capital Management LLC’s portfolio, making the stock its 25th largest holding.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in iShares S&P 500 Growth ETF by 1.7% in 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 lifted its holdings 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 worth $1,821,488,000 after buying an additional 2,257,493 shares in the last quarter. Stifel Financial Corp grew its stake in shares of iShares S&P 500 Growth ETF by 0.3% in the third quarter. Stifel Financial Corp now owns 7,475,408 shares of the company’s stock valued at $715,775,000 after acquiring an additional 22,565 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of iShares S&P 500 Growth ETF by 2.8% in 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 acquiring an additional 148,960 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in iShares S&P 500 Growth ETF during the fourth quarter worth about $456,880,000.

iShares S&P 500 Growth ETF Stock Down 2.4 %

NYSEARCA IVW opened at $92.55 on Monday. iShares S&P 500 Growth ETF has a 12-month low of $79.07 and a 12-month high of $107.14. The firm has a 50-day moving average price of $100.81 and a two-hundred day moving average price of $99.92. The company has a market capitalization of $50.94 billion, a P/E ratio of 30.22 and a beta of 1.08.

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.