Financial Advocates Investment Management Purchases Shares of 59,008 iShares S&P 500 Growth Index (NYSEARCA:IVW)

Financial Advocates Investment Management purchased a new position in shares of iShares S&P 500 Growth Index (NYSEARCA:IVW) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 59,008 shares of the company’s stock, valued at approximately $9,014,000. iShares S&P 500 Growth Index comprises about 1.2% of Financial Advocates Investment Management’s investment portfolio, making the stock its 14th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WealthShield LLC purchased a new stake in iShares S&P 500 Growth Index during the 4th quarter valued at about $146,000. Sawyer & Company Inc purchased a new stake in iShares S&P 500 Growth Index during the 4th quarter valued at about $168,000. Pinnacle Wealth Planning Services Inc. purchased a new stake in iShares S&P 500 Growth Index during the 4th quarter valued at about $170,000. Resources Investment Advisors Inc. grew its stake in iShares S&P 500 Growth Index by 631.4% during the 4th quarter. Resources Investment Advisors Inc. now owns 1,141 shares of the company’s stock valued at $174,000 after acquiring an additional 985 shares in the last quarter. Finally, Trustcore Financial Services LLC purchased a new stake in iShares S&P 500 Growth Index during the 4th quarter valued at about $180,000.

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iShares S&P 500 Growth Index stock opened at $152.38 on Friday. iShares S&P 500 Growth Index has a 1-year low of $130.04 and a 1-year high of $166.51.

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iShares S&P 500 Growth Index 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.

Institutional Ownership by Quarter for iShares S&P 500 Growth Index (NYSEARCA:IVW)

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