iShares S&P 500 Growth ETF (NYSEARCA:IVW) Shares Purchased by Kovack Advisors Inc.

Kovack Advisors Inc. boosted its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 147.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,615 shares of the company’s stock after buying an additional 6,325 shares during the period. Kovack Advisors Inc.’s holdings in iShares S&P 500 Growth ETF were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Inspire Advisors LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 4.4% during the third quarter. Inspire Advisors LLC now owns 2,602 shares of the company’s stock worth $249,000 after buying an additional 109 shares during the period. Annex Advisory Services LLC increased its holdings in shares of iShares S&P 500 Growth ETF by 2.7% in the second quarter. Annex Advisory Services LLC now owns 4,165 shares of the company’s stock valued at $385,000 after purchasing an additional 110 shares during the period. Savvy Advisors Inc. raised its stake in shares of iShares S&P 500 Growth ETF by 2.7% in the third quarter. Savvy Advisors Inc. now owns 4,306 shares of the company’s stock worth $412,000 after purchasing an additional 112 shares during the last quarter. First National Bank & Trust Co. of Newtown raised its stake in shares of iShares S&P 500 Growth ETF by 0.6% in the third quarter. First National Bank & Trust Co. of Newtown now owns 17,821 shares of the company’s stock worth $1,706,000 after purchasing an additional 115 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of iShares S&P 500 Growth ETF by 10.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,320 shares of the company’s stock worth $122,000 after acquiring an additional 120 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW opened at $100.99 on Thursday. The business’s 50-day moving average is $95.64 and its two-hundred day moving average is $92.03. The company has a market capitalization of $52.91 billion, a P/E ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a fifty-two week low of $71.53 and a fifty-two week high of $101.55.

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.