Archer Investment Management LLC Takes $3.81 Million Position in iShares S&P 500 Growth ETF $IVW

Archer Investment Management LLC purchased a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 30,897 shares of the company’s stock, valued at approximately $3,808,000. iShares S&P 500 Growth ETF comprises 2.0% of Archer Investment Management LLC’s investment portfolio, making the stock its 15th largest holding.

Other hedge funds also recently modified their holdings of the company. Spinnaker Investment Group LLC lifted its holdings in shares of iShares S&P 500 Growth ETF by 11.2% in the fourth quarter. Spinnaker Investment Group LLC now owns 4,608 shares of the company’s stock worth $568,000 after buying an additional 463 shares in the last quarter. Wealth Management Partners LLC bought a new stake in iShares S&P 500 Growth ETF during the 4th quarter worth approximately $201,000. DAVENPORT & Co LLC increased its holdings in iShares S&P 500 Growth ETF by 3.0% during the 4th quarter. DAVENPORT & Co LLC now owns 18,421 shares of the company’s stock worth $2,271,000 after acquiring an additional 543 shares during the period. Heritage Family Offices LLP increased its holdings in iShares S&P 500 Growth ETF by 27.5% during the 4th quarter. Heritage Family Offices LLP now owns 2,959 shares of the company’s stock worth $365,000 after acquiring an additional 638 shares during the period. Finally, Lifelong Wealth Advisors Inc. lifted its stake in iShares S&P 500 Growth ETF by 7.8% in the 4th quarter. Lifelong Wealth Advisors Inc. now owns 62,168 shares of the company’s stock worth $7,663,000 after purchasing an additional 4,490 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

iShares S&P 500 Growth ETF stock opened at $114.57 on Wednesday. iShares S&P 500 Growth ETF has a fifty-two week low of $79.31 and a fifty-two week high of $126.61. The stock has a market cap of $61.50 billion, a P/E ratio of 33.33 and a beta of 1.11. The firm’s fifty day moving average price is $120.52 and its 200-day moving average price is $121.52.

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.