Blalock Williams LLC Invests $3.50 Million in iShares S&P 500 Growth ETF $IVW

Blalock Williams LLC bought a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,951 shares of the company’s stock, valued at approximately $3,495,000. iShares S&P 500 Growth ETF makes up 3.1% of Blalock Williams LLC’s holdings, making the stock its 4th largest position.

A number of other hedge funds have also recently modified their holdings of IVW. Gradient Investments LLC acquired a new stake in shares of iShares S&P 500 Growth ETF during the second quarter worth about $213,000. Krilogy Financial LLC acquired a new stake in shares of iShares S&P 500 Growth ETF in the 2nd quarter valued at about $1,104,000. Post Resch Tallon Group Inc. purchased a new position in iShares S&P 500 Growth ETF during the 2nd quarter worth approximately $205,000. Breakwater Capital Group grew its stake in iShares S&P 500 Growth ETF by 1.2% during the 2nd quarter. Breakwater Capital Group now owns 26,691 shares of the company’s stock worth $2,939,000 after buying an additional 323 shares during the last quarter. Finally, David J Yvars Group acquired a new position in iShares S&P 500 Growth ETF during the second quarter worth approximately $242,000.

iShares S&P 500 Growth ETF Trading Down 1.2%

Shares of NYSEARCA IVW opened at $123.41 on Thursday. The stock has a market cap of $66.60 billion, a P/E ratio of 33.33 and a beta of 1.11. iShares S&P 500 Growth ETF has a twelve month low of $79.31 and a twelve month high of $126.61. The stock has a 50 day moving average of $122.95 and a two-hundred day moving average of $119.01.

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. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.