Kovack Advisors Inc. Makes New Investment in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Kovack Advisors Inc. bought a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 5,371 shares of the company’s stock, valued at approximately $403,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IVW. DAVENPORT & Co LLC raised its position in shares of iShares S&P 500 Growth ETF by 66.0% during the third quarter. DAVENPORT & Co LLC now owns 11,746 shares of the company’s stock valued at $804,000 after buying an additional 4,672 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of iShares S&P 500 Growth ETF by 42.6% during the third quarter. Asset Management One Co. Ltd. now owns 156,300 shares of the company’s stock valued at $10,694,000 after buying an additional 46,700 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in iShares S&P 500 Growth ETF by 116.6% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 8,890 shares of the company’s stock valued at $608,000 after acquiring an additional 4,786 shares during the period. Lake Street Financial LLC increased its stake in iShares S&P 500 Growth ETF by 4.6% in the third quarter. Lake Street Financial LLC now owns 3,710 shares of the company’s stock valued at $255,000 after acquiring an additional 163 shares during the period. Finally, Brookstone Capital Management increased its stake in iShares S&P 500 Growth ETF by 54.8% in the third quarter. Brookstone Capital Management now owns 123,551 shares of the company’s stock valued at $8,490,000 after acquiring an additional 43,728 shares during the period.

iShares S&P 500 Growth ETF Stock Up 1.9 %

NYSEARCA IVW opened at $82.53 on Monday. The stock has a market cap of $43.10 billion, a P/E ratio of 27.41 and a beta of 1.12. The company’s 50-day simple moving average is $83.03 and its 200 day simple moving average is $77.12. iShares S&P 500 Growth ETF has a twelve month low of $63.19 and a twelve month high of $85.56.

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.