Summit Investment Advisory Services LLC Acquires New Holdings in iShares S&P 500 Growth ETF $IVW

Summit Investment Advisory Services LLC purchased a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the third quarter, HoldingsChannel.com reports. The fund purchased 70,435 shares of the company’s stock, valued at approximately $7,755,000. iShares S&P 500 Growth ETF accounts for 3.3% of Summit Investment Advisory Services LLC’s holdings, making the stock its 8th biggest holding.

A number of other institutional investors have also made changes to their positions in the business. MJT & Associates Financial Advisory Group Inc. increased its position in iShares S&P 500 Growth ETF by 2.8% during the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 170,294 shares of the company’s stock worth $18,749,000 after acquiring an additional 4,635 shares during the period. Venture Visionary Partners LLC increased its stake in iShares S&P 500 Growth ETF by 3.8% in the second quarter. Venture Visionary Partners LLC now owns 16,958 shares of the company’s stock valued at $1,867,000 after acquiring an additional 618 shares during the period. Capital Investment Advisors LLC grew its stake in shares of iShares S&P 500 Growth ETF by 22.7% in the 2nd quarter. Capital Investment Advisors LLC now owns 7,857 shares of the company’s stock valued at $865,000 after purchasing an additional 1,451 shares during the period. Greenleaf Trust grew its position in iShares S&P 500 Growth ETF by 0.7% in the second quarter. Greenleaf Trust now owns 341,181 shares of the company’s stock valued at $37,564,000 after acquiring an additional 2,238 shares during the period. Finally, BCU Wealth Advisors LLC grew its holdings in shares of iShares S&P 500 Growth ETF by 10.1% in the 2nd quarter. BCU Wealth Advisors LLC now owns 32,440 shares of the company’s stock worth $3,572,000 after purchasing an additional 2,974 shares during the last quarter.

iShares S&P 500 Growth ETF Trading Up 0.9%

Shares of iShares S&P 500 Growth ETF stock opened at $125.48 on Wednesday. The stock has a market capitalization of $67.26 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11. iShares S&P 500 Growth ETF has a 1-year low of $79.31 and a 1-year high of $126.61. The firm’s 50-day moving average price is $123.26 and its two-hundred day moving average price is $119.91.

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.