Arrow Investment Advisors LLC Takes $4.25 Million Position in iShares S&P 500 Growth ETF $IVW

Arrow Investment Advisors LLC bought a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 35,235 shares of the company’s stock, valued at approximately $4,254,000. iShares S&P 500 Growth ETF accounts for about 4.7% of Arrow Investment Advisors LLC’s holdings, making the stock its 4th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IVW. Davis Capital Management acquired a new stake in shares of iShares S&P 500 Growth ETF in the third quarter valued at $28,000. Darwin Wealth Management LLC acquired a new stake in iShares S&P 500 Growth ETF in the 2nd quarter valued at about $30,000. Financial Consulate Inc. acquired a new stake in iShares S&P 500 Growth ETF in the 3rd quarter valued at about $41,000. Morgan Dempsey Capital Management LLC purchased a new position in shares of iShares S&P 500 Growth ETF in the 2nd quarter valued at about $44,000. Finally, ST Germain D J Co. Inc. grew its position in shares of iShares S&P 500 Growth ETF by 655.4% during the second quarter. ST Germain D J Co. Inc. now owns 423 shares of the company’s stock worth $47,000 after buying an additional 367 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

IVW stock opened at $120.91 on Wednesday. The company’s 50 day moving average price is $122.97 and its 200 day moving average price is $119.45. The firm has a market capitalization of $64.98 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11. iShares S&P 500 Growth ETF has a fifty-two week low of $79.31 and a fifty-two week high of $126.61.

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. 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.