iShares S&P 500 Growth ETF (NYSEARCA:IVW) Stake Raised by Sage Investment Advisers LLC

Sage Investment Advisers LLC raised its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 35.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 32,463 shares of the company’s stock after acquiring an additional 8,452 shares during the quarter. iShares S&P 500 Growth ETF comprises approximately 3.0% of Sage Investment Advisers LLC’s investment portfolio, making the stock its 8th largest holding. Sage Investment Advisers LLC’s holdings in iShares S&P 500 Growth ETF were worth $2,438,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Envestnet Asset Management Inc. grew its stake in iShares S&P 500 Growth ETF by 54.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 21,690,571 shares of the company’s stock worth $1,484,069,000 after purchasing an additional 7,681,845 shares in the last quarter. LPL Financial LLC increased its stake in shares of iShares S&P 500 Growth ETF by 35.1% during the third quarter. LPL Financial LLC now owns 7,697,945 shares of the company’s stock worth $526,693,000 after buying an additional 1,998,078 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in iShares S&P 500 Growth ETF in the third quarter valued at approximately $133,439,000. Morgan Stanley raised its holdings in iShares S&P 500 Growth ETF by 5.5% in the third quarter. Morgan Stanley now owns 29,378,514 shares of the company’s stock valued at $2,010,078,000 after acquiring an additional 1,542,503 shares in the last quarter. Finally, Comerica Bank acquired a new position in iShares S&P 500 Growth ETF during the 3rd quarter worth approximately $75,684,000.

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA:IVW traded down $0.05 on Wednesday, hitting $84.43. 1,247,380 shares of the company’s stock were exchanged, compared to its average volume of 3,442,508. iShares S&P 500 Growth ETF has a 1-year low of $64.24 and a 1-year high of $85.56. The company has a market capitalization of $44.09 billion, a PE ratio of 27.41 and a beta of 1.12. The firm’s 50-day moving average is $83.18 and its 200 day moving average is $77.77.

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.