Sage Investment Advisers LLC purchased a new stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,001 shares of the company’s stock, valued at approximately $3,451,000. iShares S&P 500 Growth ETF accounts for approximately 2.6% of Sage Investment Advisers LLC’s portfolio, making the stock its 13th largest holding.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IVW. Decker Retirement Planning Inc. bought a new position in iShares S&P 500 Growth ETF during the fourth quarter valued at about $28,000. Turning Point Benefit Group Inc. bought a new position in iShares S&P 500 Growth ETF during the third quarter valued at about $28,000. Darwin Wealth Management LLC bought a new position in iShares S&P 500 Growth ETF during the second quarter valued at about $30,000. Howe & Rusling Inc. increased its stake in iShares S&P 500 Growth ETF by 484.1% during the third quarter. Howe & Rusling Inc. now owns 257 shares of the company’s stock valued at $31,000 after acquiring an additional 213 shares during the period. Finally, Entrust Financial LLC bought a new position in iShares S&P 500 Growth ETF during the fourth quarter valued at about $33,000.
iShares S&P 500 Growth ETF Price Performance
Shares of IVW opened at $140.36 on Monday. iShares S&P 500 Growth ETF has a 12-month low of $102.32 and a 12-month high of $140.82. The firm has a market capitalization of $76.07 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. The stock’s 50-day moving average price is $126.70 and its 200 day moving average price is $123.64.
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.
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