Midwest Financial Group LLC Increases Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Midwest Financial Group LLC raised its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 3.3% during the fourth quarter, Holdings Channel reports. The fund owned 111,132 shares of the company’s stock after buying an additional 3,513 shares during the period. iShares S&P 500 Growth ETF comprises about 6.5% of Midwest Financial Group LLC’s investment portfolio, making the stock its biggest position. Midwest Financial Group LLC’s holdings in iShares S&P 500 Growth ETF were worth $11,283,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IVW. Davis Capital Management boosted its holdings in iShares S&P 500 Growth ETF by 78.4% during the 3rd quarter. Davis Capital Management now owns 412 shares of the company’s stock valued at $39,000 after acquiring an additional 181 shares during the period. Element Wealth LLC lifted its position in iShares S&P 500 Growth ETF by 31.1% in the third quarter. Element Wealth LLC now owns 577 shares of the company’s stock valued at $55,000 after purchasing an additional 137 shares during the last quarter. Valued Wealth Advisors LLC boosted its stake in shares of iShares S&P 500 Growth ETF by 160.2% during the third quarter. Valued Wealth Advisors LLC now owns 601 shares of the company’s stock valued at $58,000 after purchasing an additional 370 shares during the period. Copley Financial Group Inc. bought a new position in shares of iShares S&P 500 Growth ETF in the third quarter worth approximately $64,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of iShares S&P 500 Growth ETF in the third quarter worth $66,000.

iShares S&P 500 Growth ETF Stock Up 0.4 %

NYSEARCA:IVW opened at $107.04 on Friday. The firm has a market capitalization of $56.08 billion, a P/E ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 52 week low of $77.20 and a 52 week high of $106.93. The company has a fifty day moving average of $102.39 and a 200 day moving average of $96.91.

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.