iShares S&P 500 Growth ETF $IVW Stock Purchased by Meramec Financial Planners LLC

Meramec Financial Planners LLC grew its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 155.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 16,165 shares of the company’s stock after buying an additional 9,831 shares during the period. Meramec Financial Planners LLC’s holdings in iShares S&P 500 Growth ETF were worth $2,095,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Decker Wealth Management LLC acquired a new stake in shares of iShares S&P 500 Growth ETF in the 1st quarter worth about $2,991,000. Nwam LLC lifted its position in iShares S&P 500 Growth ETF by 23.1% in the 2nd quarter. Nwam LLC now owns 47,402 shares of the company’s stock valued at $6,519,000 after acquiring an additional 8,902 shares in the last quarter. Sterling Investment Counsel LLC boosted its stake in iShares S&P 500 Growth ETF by 1.7% during the 2nd quarter. Sterling Investment Counsel LLC now owns 287,866 shares of the company’s stock valued at $39,590,000 after purchasing an additional 4,694 shares during the last quarter. Financial & Tax Architects LLC acquired a new position in iShares S&P 500 Growth ETF during the 2nd quarter valued at about $5,702,000. Finally, Greenleaf Trust boosted its stake in iShares S&P 500 Growth ETF by 1.2% during the 2nd quarter. Greenleaf Trust now owns 311,771 shares of the company’s stock valued at $42,878,000 after purchasing an additional 3,647 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Performance

IVW traded down $1.22 during midday trading on Friday, reaching $132.60. 1,219,293 shares of the company were exchanged, compared to its average volume of 2,953,488. The company’s fifty day moving average price is $139.37 and its 200 day moving average price is $132.33. The company has a market cap of $73.30 billion, a price-to-earnings ratio of 24.96 and a beta of 1.17. iShares S&P 500 Growth ETF has a one year low of $108.13 and a one year high of $146.83.

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. 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.