Summit Investment Advisory Services LLC Sells 3,057 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Summit Investment Advisory Services LLC reduced its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 3.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 91,161 shares of the company’s stock after selling 3,057 shares during the period. iShares S&P 500 Growth ETF accounts for about 4.3% of Summit Investment Advisory Services LLC’s holdings, making the stock its 7th largest holding. Summit Investment Advisory Services LLC’s holdings in iShares S&P 500 Growth ETF were worth $6,846,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its position in iShares S&P 500 Growth ETF by 111,454.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 552,700,957 shares of the company’s stock worth $32,333,006,000 after buying an additional 552,205,503 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in iShares S&P 500 Growth ETF by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 43,367,674 shares of the company’s stock valued at $2,967,216,000 after acquiring an additional 229,932 shares during the last quarter. Morgan Stanley raised its position in iShares S&P 500 Growth ETF by 5.5% in the third quarter. Morgan Stanley now owns 29,378,514 shares of the company’s stock valued at $2,010,078,000 after purchasing an additional 1,542,503 shares during the period. Envestnet Asset Management Inc. raised its position in iShares S&P 500 Growth ETF by 54.8% in the third quarter. Envestnet Asset Management Inc. now owns 21,690,571 shares of the company’s stock valued at $1,484,069,000 after purchasing an additional 7,681,845 shares during the period. Finally, Jones Financial Companies Lllp increased its position in shares of iShares S&P 500 Growth ETF by 0.8% during the third quarter. Jones Financial Companies Lllp now owns 17,974,485 shares of the company’s stock worth $1,229,814,000 after acquiring an additional 138,408 shares during the last quarter.

iShares S&P 500 Growth ETF Trading Down 0.3 %

iShares S&P 500 Growth ETF stock traded down $0.26 during midday trading on Friday, hitting $84.44. The stock had a trading volume of 1,736,722 shares, compared to its average volume of 3,834,385. The business has a fifty day moving average price of $81.55 and a 200 day moving average price of $75.04. iShares S&P 500 Growth ETF has a 12 month low of $62.22 and a 12 month high of $85.56. The stock has a market cap of $41.37 billion, a P/E ratio of 22.15 and a beta of 1.05.

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.