MFA Wealth Services Purchases New Shares in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

MFA Wealth Services purchased a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 24,692 shares of the company’s stock, valued at approximately $2,507,000. iShares S&P 500 Growth ETF makes up approximately 2.0% of MFA Wealth Services’ holdings, making the stock its 10th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 1.7% during the third quarter. LPL Financial LLC now owns 15,682,897 shares of the company’s stock valued at $1,501,637,000 after acquiring an additional 255,991 shares during the period. Stifel Financial Corp lifted its position in iShares S&P 500 Growth ETF by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 7,475,408 shares of the company’s stock valued at $715,775,000 after purchasing an additional 22,565 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of iShares S&P 500 Growth ETF by 6.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,363,062 shares of the company’s stock valued at $680,575,000 after purchasing an additional 467,356 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of iShares S&P 500 Growth ETF by 2.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,329,231 shares of the company’s stock worth $510,274,000 after buying an additional 134,169 shares during the period. Finally, Park Avenue Securities LLC raised its stake in shares of iShares S&P 500 Growth ETF by 0.4% during the fourth quarter. Park Avenue Securities LLC now owns 3,817,542 shares of the company’s stock worth $387,595,000 after buying an additional 15,623 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock opened at $106.65 on Friday. The firm’s 50 day moving average price is $102.39 and its two-hundred day moving average price is $96.91. iShares S&P 500 Growth ETF has a 52-week low of $77.20 and a 52-week high of $106.65. The stock has a market cap of $55.87 billion, a PE ratio of 28.52 and a beta of 1.14.

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.