Absolute Capital Management LLC Has $1.88 Million Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Absolute Capital Management LLC raised its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 6.5% during the 4th quarter, HoldingsChannel reports. The firm owned 18,424 shares of the company’s stock after purchasing an additional 1,129 shares during the quarter. iShares S&P 500 Growth ETF comprises 1.0% of Absolute Capital Management LLC’s holdings, making the stock its 29th biggest position. Absolute Capital Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $1,880,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IVW. Jennison Associates LLC acquired a new position in iShares S&P 500 Growth ETF during the third quarter valued at approximately $315,000. Darwin Wealth Management LLC acquired a new position in iShares S&P 500 Growth ETF during the third quarter valued at approximately $182,000. Payden & Rygel grew its holdings in iShares S&P 500 Growth ETF by 672.6% during the third quarter. Payden & Rygel now owns 102,801 shares of the company’s stock valued at $9,843,000 after purchasing an additional 89,495 shares during the last quarter. Citizens Financial Group Inc. RI grew its holdings in iShares S&P 500 Growth ETF by 15.5% during the third quarter. Citizens Financial Group Inc. RI now owns 186,815 shares of the company’s stock valued at $17,888,000 after purchasing an additional 25,118 shares during the last quarter. Finally, King Luther Capital Management Corp acquired a new position in iShares S&P 500 Growth ETF during the third quarter valued at approximately $241,000.

iShares S&P 500 Growth ETF Stock Down 0.2 %

Shares of IVW stock opened at $94.58 on Friday. iShares S&P 500 Growth ETF has a 12 month low of $79.07 and a 12 month high of $107.14. The business’s 50 day moving average is $101.60 and its two-hundred day moving average is $99.58. The company has a market cap of $52.23 billion, a PE 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.