Essential Planning LLC. Makes New $5.57 Million Investment in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Essential Planning LLC. acquired a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 55,832 shares of the company’s stock, valued at approximately $5,566,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at $456,880,000. Wealthfront Advisers LLC acquired a new position in iShares S&P 500 Growth ETF during the 4th quarter worth about $350,009,000. The Manufacturers Life Insurance Company acquired a new position in iShares S&P 500 Growth ETF during the 3rd quarter worth about $82,464,000. Arvest Bank Trust Division acquired a new position in iShares S&P 500 Growth ETF during the 3rd quarter worth about $56,971,000. Finally, Strategic Financial Concepts LLC lifted its stake in iShares S&P 500 Growth ETF by 10,066.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 425,892 shares of the company’s stock worth $479,000 after acquiring an additional 421,703 shares in the last quarter.

iShares S&P 500 Growth ETF Trading Down 0.2 %

IVW opened at $92.75 on Wednesday. The stock’s 50-day moving average price is $102.77 and its 200 day moving average price is $99.61. 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 market cap of $51.22 billion, a price-to-earnings ratio of 30.05 and a beta of 1.08.

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.