Laffer Tengler Investments Inc. Invests $3 Million in iShares S&P 500 Growth ETF $IVW

Laffer Tengler Investments Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the third quarter, Holdings Channel.com reports. The fund purchased 24,844 shares of the company’s stock, valued at approximately $2,999,000.

Several other institutional investors have also recently bought and sold shares of IVW. Envestnet Asset Management Inc. grew its holdings in shares of iShares S&P 500 Growth ETF by 0.4% during the third quarter. Envestnet Asset Management Inc. now owns 45,556,746 shares of the company’s stock worth $5,499,610,000 after purchasing an additional 179,866 shares during the last quarter. Ameriprise Financial Inc. lifted its position in 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 buying an additional 547,663 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in iShares S&P 500 Growth ETF by 1.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,568,243 shares of the company’s stock worth $613,064,000 after buying an additional 76,455 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in iShares S&P 500 Growth ETF by 1.9% during 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 last quarter. Finally, Lido Advisors LLC increased its position 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 in the last quarter.

iShares S&P 500 Growth ETF Trading Down 0.9%

Shares of NYSEARCA IVW opened at $118.67 on Wednesday. iShares S&P 500 Growth ETF has a 1-year low of $79.31 and a 1-year high of $126.61. The company has a 50-day moving average of $122.50 and a two-hundred day moving average of $121.23. The company has a market cap of $63.70 billion, a PE ratio of 33.33 and a beta of 1.11.

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.