Midwest Capital Advisors LLC Takes Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Midwest Capital Advisors LLC acquired a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 4th quarter, Holdings Channel.com reports. The fund acquired 12,854 shares of the company’s stock, valued at approximately $1,305,000. iShares S&P 500 Growth ETF comprises approximately 1.0% of Midwest Capital Advisors LLC’s holdings, making the stock its 20th largest holding.

Several other hedge funds have also bought and sold shares of IVW. The Manufacturers Life Insurance Company bought a new stake in iShares S&P 500 Growth ETF during the third quarter worth about $82,464,000. Arvest Bank Trust Division bought a new stake in iShares S&P 500 Growth ETF during the third quarter worth about $56,971,000. Strategic Financial Concepts LLC boosted its stake in iShares S&P 500 Growth ETF by 10,066.9% during the fourth 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. Sanctuary Advisors LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 29.8% in the third quarter. Sanctuary Advisors LLC now owns 1,412,222 shares of the company’s stock worth $140,686,000 after buying an additional 324,178 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 1.7% in the third quarter. LPL Financial LLC now owns 15,682,897 shares of the company’s stock worth $1,501,637,000 after buying an additional 255,991 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA IVW opened at $103.43 on Monday. The firm’s 50 day moving average price is $104.04 and its 200-day moving average price is $99.04. The company has a market cap of $57.71 billion, a PE ratio of 33.87 and a beta of 1.07. iShares S&P 500 Growth ETF has a 52-week low of $79.07 and a 52-week high of $107.14.

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.