iShares S&P 500 Growth ETF $IVW Shares Bought by Novare Capital Management LLC

Novare Capital Management LLC increased its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 6.7% in the third quarter, HoldingsChannel reports. The firm owned 83,441 shares of the company’s stock after buying an additional 5,205 shares during the quarter. Novare Capital Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $10,073,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in IVW. Ameriprise Financial Inc. boosted its stake in shares of iShares S&P 500 Growth ETF by 6.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,499,823 shares of the company’s stock worth $935,874,000 after purchasing an additional 547,663 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in iShares S&P 500 Growth ETF by 1.4% during the second quarter. PNC Financial Services Group Inc. now owns 5,568,243 shares of the company’s stock worth $613,064,000 after acquiring an additional 76,455 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in iShares S&P 500 Growth ETF by 1.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,599,847 shares of the company’s stock worth $396,343,000 after acquiring an additional 66,596 shares during the period. Lido Advisors LLC raised its holdings in iShares S&P 500 Growth ETF by 6.4% in the 2nd quarter. Lido Advisors LLC now owns 3,418,138 shares of the company’s stock valued at $376,337,000 after acquiring an additional 205,322 shares during the last quarter. Finally, MML Investors Services LLC raised its holdings in iShares S&P 500 Growth ETF by 0.4% in the 2nd quarter. MML Investors Services LLC now owns 3,333,902 shares of the company’s stock valued at $367,063,000 after acquiring an additional 13,849 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Up 0.9%

IVW 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 52-week low of $79.31 and a 52-week high of $126.61. The stock’s fifty day simple moving average is $123.26 and its 200-day simple moving average is $119.91.

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.