Solano Wealth Investment Advisors LLC Buys New Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Solano Wealth Investment Advisors LLC purchased a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 6,101 shares of the company’s stock, valued at approximately $619,000. iShares S&P 500 Growth ETF accounts for 0.4% of Solano Wealth Investment Advisors LLC’s portfolio, making the stock its 23rd largest position.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of iShares S&P 500 Growth ETF in the fourth quarter valued at $456,880,000. Wealthfront Advisers LLC purchased a new stake in shares of iShares S&P 500 Growth ETF during the fourth quarter worth about $350,009,000. FIL Ltd purchased a new stake in shares of iShares S&P 500 Growth ETF during the fourth quarter worth about $309,434,000. LPL Financial LLC boosted its holdings in iShares S&P 500 Growth ETF by 14.4% in the fourth quarter. LPL Financial LLC now owns 17,940,390 shares of the company’s stock valued at $1,821,488,000 after purchasing an additional 2,257,493 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in iShares S&P 500 Growth ETF by 6.4% during the 4th quarter. Wells Fargo & Company MN now owns 16,602,697 shares of the company’s stock valued at $1,685,672,000 after purchasing an additional 999,882 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Down 3.9 %

Shares of IVW opened at $88.73 on Friday. The firm has a market cap of $48.84 billion, a price-to-earnings ratio of 30.22 and a beta of 1.08. The business’s 50 day moving average is $97.34 and its two-hundred day moving average is $99.44. iShares S&P 500 Growth ETF has a 52-week low of $79.07 and a 52-week high of $107.14.

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.