Sovereign Investment Advisors LLC Makes New Investment in iShares S&P 500 Growth ETF $IVW

Sovereign Investment Advisors LLC purchased a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 42,316 shares of the company’s stock, valued at approximately $5,216,000. iShares S&P 500 Growth ETF makes up 1.3% of Sovereign Investment Advisors LLC’s portfolio, making the stock its 24th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IVW. Focus Partners Wealth raised its position in iShares S&P 500 Growth ETF by 81.0% in the fourth quarter. Focus Partners Wealth now owns 1,920,546 shares of the company’s stock worth $236,725,000 after acquiring an additional 859,584 shares in the last quarter. Valpey Financial Services LLC raised its holdings in iShares S&P 500 Growth ETF by 11,889.3% during the 4th quarter. Valpey Financial Services LLC now owns 712,286 shares of the company’s stock worth $87,796,000 after buying an additional 706,345 shares during the period. MML Investors Services LLC raised its holdings in iShares S&P 500 Growth ETF by 10.9% during the 4th quarter. MML Investors Services LLC now owns 3,645,204 shares of the company’s stock worth $449,308,000 after buying an additional 358,496 shares during the period. LPL Financial LLC raised its holdings in iShares S&P 500 Growth ETF by 1.8% during the 4th quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock worth $2,442,579,000 after buying an additional 357,495 shares during the period. Finally, AlphaCore Capital LLC raised its holdings in iShares S&P 500 Growth ETF by 522.0% during the 4th quarter. AlphaCore Capital LLC now owns 299,535 shares of the company’s stock worth $36,921,000 after buying an additional 251,375 shares during the period.

iShares S&P 500 Growth ETF Trading Up 2.8%

NYSEARCA IVW opened at $138.73 on Tuesday. The stock’s 50-day moving average price is $131.88 and its two-hundred day moving average price is $124.91. The company has a market cap of $75.18 billion, a PE ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a 1 year low of $104.21 and a 1 year high of $141.98.

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.