iShares S&P 500 Growth ETF (NYSEARCA:IVW) is Arvest Bank Trust Division’s 5th Largest Position

Arvest Bank Trust Division cut its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 2.1% in the fourth quarter, HoldingsChannel reports. The fund owned 582,426 shares of the company’s stock after selling 12,568 shares during the period. iShares S&P 500 Growth ETF accounts for approximately 3.6% of Arvest Bank Trust Division’s investment portfolio, making the stock its 5th largest holding. Arvest Bank Trust Division’s holdings in iShares S&P 500 Growth ETF were worth $59,134,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in IVW. Raymond James Financial Inc. purchased a new position in iShares S&P 500 Growth ETF in the 4th quarter valued at about $456,880,000. Wealthfront Advisers LLC acquired a new position in iShares S&P 500 Growth ETF in the 4th quarter valued at $350,009,000. FIL Ltd purchased a new position in iShares S&P 500 Growth ETF in the 4th quarter valued at $309,434,000. LPL Financial LLC grew its holdings in shares of iShares S&P 500 Growth ETF by 14.4% during the fourth quarter. LPL Financial LLC now owns 17,940,390 shares of the company’s stock worth $1,821,488,000 after buying an additional 2,257,493 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of iShares S&P 500 Growth ETF by 6.4% in the fourth quarter. Wells Fargo & Company MN now owns 16,602,697 shares of the company’s stock valued at $1,685,672,000 after buying an additional 999,882 shares during the last quarter.

iShares S&P 500 Growth ETF Trading Down 2.9 %

IVW stock opened at $88.38 on Thursday. The firm has a 50-day moving average of $96.16 and a two-hundred day moving average of $99.27. 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 market cap of $48.15 billion, a price-to-earnings ratio of 28.32 and a beta of 1.12.

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.