Sovran Advisors LLC Boosts Stock Holdings in iShares S&P 500 Growth ETF $IVW

Sovran Advisors LLC lifted its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 7.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,318 shares of the company’s stock after acquiring an additional 9,526 shares during the period. iShares S&P 500 Growth ETF makes up approximately 1.2% of Sovran Advisors LLC’s portfolio, making the stock its 14th largest position. Sovran Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $14,966,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. United Bank boosted its position in shares of iShares S&P 500 Growth ETF by 4.6% during the second quarter. United Bank now owns 52,096 shares of the company’s stock valued at $5,736,000 after buying an additional 2,280 shares during the last quarter. Schnieders Capital Management LLC. bought a new position in iShares S&P 500 Growth ETF during the 2nd quarter valued at about $600,000. Russell Investments Group Ltd. lifted its stake in iShares S&P 500 Growth ETF by 13.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,992 shares of the company’s stock valued at $660,000 after acquiring an additional 707 shares during the period. First Trust Advisors LP boosted its holdings in shares of iShares S&P 500 Growth ETF by 15.4% during the 2nd quarter. First Trust Advisors LP now owns 31,834 shares of the company’s stock valued at $3,505,000 after acquiring an additional 4,238 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of iShares S&P 500 Growth ETF during the 2nd quarter valued at about $244,000.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock traded up $0.82 during trading hours on Friday, reaching $138.59. The company had a trading volume of 1,005,223 shares, compared to its average volume of 3,851,213. The business has a fifty day moving average price of $136.32 and a 200-day moving average price of $126.62. iShares S&P 500 Growth ETF has a one year low of $108.13 and a one year high of $141.98. The firm has a market cap of $75.46 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.