Rik Saylor Financial Inc. Makes New Investment in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Rik Saylor Financial Inc. purchased a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 52,992 shares of the company’s stock, valued at approximately $5,380,000. iShares S&P 500 Growth ETF accounts for 5.0% of Rik Saylor Financial Inc.’s investment portfolio, making the stock its 2nd biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. LPL Financial LLC lifted its stake in iShares S&P 500 Growth ETF by 1.7% during the third quarter. LPL Financial LLC now owns 15,682,897 shares of the company’s stock worth $1,501,637,000 after purchasing an additional 255,991 shares during the period. Stifel Financial Corp lifted its stake in 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 worth $715,775,000 after purchasing an additional 22,565 shares during the period. PNC Financial Services Group Inc. lifted its stake in iShares S&P 500 Growth ETF by 2.6% during the third quarter. PNC Financial Services Group Inc. now owns 5,329,231 shares of the company’s stock worth $510,274,000 after purchasing an additional 134,169 shares during the period. Park Avenue Securities LLC increased its holdings in shares of iShares S&P 500 Growth ETF by 0.4% during the fourth quarter. Park Avenue Securities LLC now owns 3,817,542 shares of the company’s stock worth $387,595,000 after buying an additional 15,623 shares in the last quarter. Finally, Huntington National Bank increased its holdings in shares of iShares S&P 500 Growth ETF by 0.3% during the third quarter. Huntington National Bank now owns 2,560,058 shares of the company’s stock worth $245,126,000 after buying an additional 7,447 shares in the last quarter.

iShares S&P 500 Growth ETF Trading Up 0.5 %

NYSEARCA IVW opened at $104.89 on Thursday. The firm has a market cap of $54.95 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. The company has a 50 day moving average of $103.37 and a 200-day moving average of $97.57. iShares S&P 500 Growth ETF has a 1-year low of $79.07 and a 1-year high of $107.14.

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.