Summit Investment Advisors Inc. trimmed its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) by 6.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 262,877 shares of the company’s stock after selling 19,316 shares during the period. iShares S&P 500 Growth ETF accounts for about 23.8% of Summit Investment Advisors Inc.’s investment portfolio, making the stock its 14th biggest position. Summit Investment Advisors Inc.’s holdings in iShares S&P 500 Growth ETF were worth $26,690,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Mountain Hill Investment Partners Corp. acquired a new position in iShares S&P 500 Growth ETF in the 4th quarter valued at about $28,000. BankPlus Trust Department purchased a new stake in shares of iShares S&P 500 Growth ETF during the fourth quarter worth $36,000. Hantz Financial Services Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF during the fourth quarter worth $40,000. Compass Financial Services Inc acquired a new stake in shares of iShares S&P 500 Growth ETF in the fourth quarter valued at $40,000. Finally, Bellevue Asset Management LLC purchased a new position in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at about $42,000.
iShares S&P 500 Growth ETF Stock Up 1.9 %
Shares of NYSEARCA:IVW opened at $90.39 on Friday. iShares S&P 500 Growth ETF has a fifty-two week low of $79.07 and a fifty-two week high of $107.14. The firm’s 50 day moving average price is $97.06 and its 200 day moving average price is $99.40. The stock has a market cap of $49.24 billion, a price-to-earnings ratio of 28.32 and a beta of 1.12.
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.
Featured Stories
- Five stocks we like better than iShares S&P 500 Growth ETF
- What is a Dividend King?
- Is McDonald’s Stock Serving a Value Meal to Investors?
- Overbought Stocks Explained: Should You Trade Them?
- Walgreens Comeback? Private Equity Circling for a Buyout
- What is the MACD Indicator and How to Use it in Your Trading
- Coca-Cola Stock Looks Refreshing After the Relief Rally
Want to see what other hedge funds are holding IVW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report).
Receive News & Ratings for iShares S&P 500 Growth ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares S&P 500 Growth ETF and related companies with MarketBeat.com's FREE daily email newsletter.
