McHugh Group LLC Acquires New Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

McHugh Group LLC purchased a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 10,250 shares of the company’s stock, valued at approximately $1,041,000. iShares S&P 500 Growth ETF accounts for about 0.8% of McHugh Group LLC’s investment portfolio, making the stock its 24th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in iShares S&P 500 Growth ETF by 10,365.3% in the third quarter. International Assets Investment Management LLC now owns 1,584,755 shares of the company’s stock worth $151,740,000 after acquiring an additional 1,569,612 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in iShares S&P 500 Growth ETF in the 3rd quarter worth approximately $82,464,000. Arvest Bank Trust Division acquired a new stake in iShares S&P 500 Growth ETF in the 3rd quarter worth approximately $56,971,000. Sanctuary Advisors LLC grew its position in iShares S&P 500 Growth ETF by 29.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 1,412,222 shares of the company’s stock worth $140,686,000 after purchasing an additional 324,178 shares during the last quarter. Finally, LPL Financial LLC increased its stake in iShares S&P 500 Growth ETF by 1.7% during the 3rd quarter. LPL Financial LLC now owns 15,682,897 shares of the company’s stock valued at $1,501,637,000 after purchasing an additional 255,991 shares in the last quarter.

iShares S&P 500 Growth ETF Trading Up 0.5 %

NYSEARCA IVW opened at $104.89 on Thursday. The stock has a market cap of $54.95 billion, a P/E ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 12-month low of $79.07 and a 12-month high of $107.14. The company has a fifty day simple moving average of $103.37 and a two-hundred day simple moving average of $97.57.

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.