Novem Group Acquires 20,910 Shares of iShares S&P 500 Growth ETF $IVW

Novem Group increased its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 55.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 58,379 shares of the company’s stock after purchasing an additional 20,910 shares during the period. iShares S&P 500 Growth ETF accounts for 0.8% of Novem Group’s holdings, making the stock its 21st biggest holding. Novem Group’s holdings in iShares S&P 500 Growth ETF were worth $8,029,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. United Bank increased its holdings in shares of iShares S&P 500 Growth ETF by 4.6% in the 2nd quarter. United Bank now owns 52,096 shares of the company’s stock valued at $5,736,000 after acquiring an additional 2,280 shares during the period. Schnieders Capital Management LLC. purchased a new stake in shares of iShares S&P 500 Growth ETF during the 2nd quarter worth $600,000. Russell Investments Group Ltd. lifted its stake in shares of 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 worth $660,000 after purchasing an additional 707 shares during the last quarter. First Trust Advisors LP lifted its stake 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 worth $3,505,000 after purchasing an additional 4,238 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in iShares S&P 500 Growth ETF during the second quarter valued at about $244,000.

iShares S&P 500 Growth ETF Stock Up 0.7%

NYSEARCA:IVW opened at $142.54 on Friday. The stock has a market capitalization of $77.82 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a 52 week low of $108.13 and a 52 week high of $143.26. The firm has a 50 day moving average of $136.39 and a 200 day moving average of $128.86.

About iShares S&P 500 Growth ETF

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.