Sovereign Investment Advisors LLC Makes New $5.22 Million Investment in iShares S&P 500 Growth ETF $IVW

Sovereign Investment Advisors LLC acquired a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 42,316 shares of the company’s stock, valued at approximately $5,216,000. iShares S&P 500 Growth ETF accounts for approximately 1.3% of Sovereign Investment Advisors LLC’s holdings, making the stock its 24th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Resources Management Corp CT ADV grew its stake in iShares S&P 500 Growth ETF by 5.0% during the 4th quarter. Resources Management Corp CT ADV now owns 2,525 shares of the company’s stock valued at $311,000 after acquiring an additional 121 shares in the last quarter. Portfolio Resources Advisor Group Inc. purchased a new position in iShares S&P 500 Growth ETF during the 4th quarter valued at about $8,132,000. Sargent Investment Group LLC purchased a new position in iShares S&P 500 Growth ETF during the 4th quarter valued at about $344,000. MML Investors Services LLC grew its stake in iShares S&P 500 Growth ETF by 10.9% during the 4th quarter. MML Investors Services LLC now owns 3,645,204 shares of the company’s stock valued at $449,308,000 after acquiring an additional 358,496 shares in the last quarter. Finally, Mariner LLC grew its stake in iShares S&P 500 Growth ETF by 1.7% during the 4th quarter. Mariner LLC now owns 3,665,537 shares of the company’s stock valued at $451,818,000 after acquiring an additional 61,398 shares in the last quarter.

iShares S&P 500 Growth ETF Price Performance

NYSEARCA:IVW opened at $138.73 on Tuesday. iShares S&P 500 Growth ETF has a fifty-two week low of $104.21 and a fifty-two week high of $141.98. The stock’s 50-day moving average is $131.88 and its two-hundred day moving average is $124.91. The stock has a market cap of $75.18 billion, a PE ratio of 33.33 and a beta of 1.17.

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. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.