Sugar Maple Asset Management LLC Invests $220,000 in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Sugar Maple Asset Management LLC purchased a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,297 shares of the company’s stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of IVW. Inspire Advisors LLC grew its holdings in iShares S&P 500 Growth ETF by 4.4% in the 3rd quarter. Inspire Advisors LLC now owns 2,602 shares of the company’s stock valued at $249,000 after buying an additional 109 shares in the last quarter. Annex Advisory Services LLC increased its position in iShares S&P 500 Growth ETF by 2.7% during the second quarter. Annex Advisory Services LLC now owns 4,165 shares of the company’s stock worth $385,000 after purchasing an additional 110 shares during the last quarter. Savvy Advisors Inc. increased its position in iShares S&P 500 Growth ETF by 2.7% during the third quarter. Savvy Advisors Inc. now owns 4,306 shares of the company’s stock worth $412,000 after purchasing an additional 112 shares during the last quarter. First National Bank & Trust Co. of Newtown raised its stake in iShares S&P 500 Growth ETF by 0.6% during the third quarter. First National Bank & Trust Co. of Newtown now owns 17,821 shares of the company’s stock worth $1,706,000 after purchasing an additional 115 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in iShares S&P 500 Growth ETF by 10.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,320 shares of the company’s stock valued at $122,000 after purchasing an additional 120 shares during the last quarter.

iShares S&P 500 Growth ETF Price Performance

Shares of NYSEARCA IVW opened at $98.33 on Friday. The company has a market capitalization of $51.52 billion, a P/E ratio of 28.52 and a beta of 1.14. The company has a 50 day simple moving average of $96.26 and a 200-day simple moving average of $92.34. iShares S&P 500 Growth ETF has a 1 year low of $71.68 and a 1 year high of $101.55.

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.