Sovereign Financial Group Inc. Reduces Stock Position in iShares S&P 500 Growth ETF $IVW

Sovereign Financial Group Inc. lowered its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,008 shares of the company’s stock after selling 135 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares S&P 500 Growth ETF were worth $2,643,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its position in shares of iShares S&P 500 Growth ETF by 5.1% during the first quarter. Envestnet Asset Management Inc. now owns 48,079,544 shares of the company’s stock worth $4,463,224,000 after acquiring an additional 2,350,072 shares in the last quarter. LPL Financial LLC lifted its position in shares of iShares S&P 500 Growth ETF by 5.5% during the first quarter. LPL Financial LLC now owns 18,929,345 shares of the company’s stock worth $1,757,211,000 after acquiring an additional 988,955 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of iShares S&P 500 Growth ETF by 4.4% during the first quarter. Goldman Sachs Group Inc. now owns 6,639,595 shares of the company’s stock worth $616,354,000 after acquiring an additional 279,859 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of iShares S&P 500 Growth ETF by 4.3% during the first quarter. Commonwealth Equity Services LLC now owns 3,533,251 shares of the company’s stock worth $327,992,000 after acquiring an additional 147,169 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of iShares S&P 500 Growth ETF by 7.9% during the first quarter. Cetera Investment Advisers now owns 3,465,787 shares of the company’s stock worth $321,729,000 after acquiring an additional 253,383 shares in the last quarter.

iShares S&P 500 Growth ETF Price Performance

NYSEARCA:IVW opened at $118.29 on Friday. iShares S&P 500 Growth ETF has a 1 year low of $79.31 and a 1 year high of $122.66. The company has a market cap of $64.41 billion, a P/E ratio of 33.33 and a beta of 1.05. The stock’s fifty day moving average price is $117.43 and its two-hundred day moving average price is $107.24.

iShares S&P 500 Growth ETF Company 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.