Bank of New York Mellon Corp Grows Stake in iShares S&P 500 Growth ETF $IVW

Bank of New York Mellon Corp grew its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 10.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,977,675 shares of the company’s stock after purchasing an additional 190,408 shares during the period. Bank of New York Mellon Corp owned approximately 0.36% of iShares S&P 500 Growth ETF worth $223,695,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Strive Financial Group LLC purchased a new stake in shares of iShares S&P 500 Growth ETF during the fourth quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new stake in iShares S&P 500 Growth ETF during the 4th quarter worth approximately $28,000. Financial Network Wealth Advisors LLC increased its stake in iShares S&P 500 Growth ETF by 174.4% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after purchasing an additional 143 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new position in shares of iShares S&P 500 Growth ETF in the third quarter worth $28,000. Finally, Entrust Financial LLC acquired a new stake in shares of iShares S&P 500 Growth ETF during the fourth quarter worth $33,000.

iShares S&P 500 Growth ETF Price Performance

Shares of IVW opened at $134.26 on Friday. The company’s fifty day moving average price is $136.68 and its 200-day moving average price is $127.04. iShares S&P 500 Growth ETF has a 1-year low of $108.13 and a 1-year high of $141.98. The firm has a market capitalization of $73.16 billion, a PE ratio of 33.33 and a beta of 1.17.

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. 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.