Sovran Advisors LLC Invests $10.15 Million in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Sovran Advisors LLC bought a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 100,951 shares of the company’s stock, valued at approximately $10,149,000. iShares S&P 500 Growth ETF accounts for 1.4% of Sovran Advisors LLC’s investment portfolio, making the stock its 8th biggest position.

A number of other institutional investors have also modified their holdings of IVW. Hantz Financial Services Inc. acquired a new position in iShares S&P 500 Growth ETF during the 4th quarter worth approximately $40,000. Compass Financial Services Inc acquired a new position in iShares S&P 500 Growth ETF during the 4th quarter worth approximately $40,000. POM Investment Strategies LLC lifted its position in iShares S&P 500 Growth ETF by 194.8% during the 4th quarter. POM Investment Strategies LLC now owns 457 shares of the company’s stock worth $46,000 after acquiring an additional 302 shares in the last quarter. Element Wealth LLC lifted its position in iShares S&P 500 Growth ETF by 31.1% during the 3rd quarter. Element Wealth LLC now owns 577 shares of the company’s stock worth $55,000 after acquiring an additional 137 shares in the last quarter. Finally, Valued Wealth Advisors LLC lifted its position in iShares S&P 500 Growth ETF by 160.2% during the 3rd quarter. Valued Wealth Advisors LLC now owns 601 shares of the company’s stock worth $58,000 after acquiring an additional 370 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

iShares S&P 500 Growth ETF stock opened at $105.64 on Tuesday. The stock’s 50 day moving average price is $103.56 and its 200 day moving average price is $97.79. The firm has a market capitalization of $55.34 billion, a PE ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a one year low of $79.07 and a one year high of $107.14.

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.