McElhenny Sheffield Capital Management LLC Makes New $60,000 Investment in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

McElhenny Sheffield Capital Management LLC purchased a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW – Get Rating) in the fourth quarter, Holdings Channel.com reports. The firm purchased 1,020 shares of the company’s stock, valued at approximately $60,000.

Other institutional investors have also bought and sold shares of the company. Lansing Street Advisors purchased a new stake in iShares S&P 500 Growth ETF in the 3rd quarter worth $25,000. Beaird Harris Wealth Management LLC purchased a new stake in iShares S&P 500 Growth ETF in the 3rd quarter worth $32,000. McClarren Financial Advisors Inc. purchased a new stake in iShares S&P 500 Growth ETF in the 3rd quarter worth $32,000. Chilton Capital Management LLC purchased a new stake in iShares S&P 500 Growth ETF in the 2nd quarter worth $35,000. Finally, DB Wealth Management Group LLC increased its stake in iShares S&P 500 Growth ETF by 312.6% in the 3rd quarter. DB Wealth Management Group LLC now owns 887 shares of the company’s stock worth $51,000 after buying an additional 672 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock opened at $61.05 on Friday. The stock has a fifty day simple moving average of $61.16 and a two-hundred day simple moving average of $60.78. iShares S&P 500 Growth ETF has a 52-week low of $55.30 and a 52-week high of $78.65. The firm has a market capitalization of $28.97 billion, a PE ratio of 22.15 and a beta of 1.04.

About iShares S&P 500 Growth ETF

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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.