Sovran Advisors LLC Purchases 9,526 Shares of iShares S&P 500 Growth ETF $IVW

Sovran Advisors LLC boosted its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 7.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 132,318 shares of the company’s stock after acquiring an additional 9,526 shares during the quarter. iShares S&P 500 Growth ETF accounts for 1.2% of Sovran Advisors LLC’s portfolio, making the stock its 14th biggest holding. Sovran Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $14,966,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of IVW. Focus Partners Wealth increased its position in shares of iShares S&P 500 Growth ETF by 81.0% during the 4th quarter. Focus Partners Wealth now owns 1,920,546 shares of the company’s stock valued at $236,725,000 after purchasing an additional 859,584 shares during the last quarter. Valpey Financial Services LLC boosted its holdings in shares of iShares S&P 500 Growth ETF by 11,889.3% in the fourth quarter. Valpey Financial Services LLC now owns 712,286 shares of the company’s stock worth $87,796,000 after buying an additional 706,345 shares during the last quarter. Align Financial LLC purchased a new position in shares of iShares S&P 500 Growth ETF in the fourth quarter worth approximately $49,180,000. MML Investors Services LLC grew its position in iShares S&P 500 Growth ETF by 10.9% during the fourth quarter. MML Investors Services LLC now owns 3,645,204 shares of the company’s stock valued at $449,308,000 after buying an additional 358,496 shares during the period. Finally, LPL Financial LLC grew its position in iShares S&P 500 Growth ETF by 1.8% during the fourth quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock valued at $2,442,579,000 after buying an additional 357,495 shares during the period.

iShares S&P 500 Growth ETF Trading Up 0.6%

IVW stock traded up $0.82 during midday trading on Friday, reaching $138.59. 1,005,223 shares of the company’s stock traded hands, compared to its average volume of 3,851,213. iShares S&P 500 Growth ETF has a 52-week low of $108.13 and a 52-week high of $141.98. The stock has a market cap of $75.46 billion, a P/E ratio of 33.33 and a beta of 1.17. The stock’s 50-day moving average is $136.32 and its 200 day moving average is $126.62.

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.