iShares S&P 500 Growth ETF $IVW is USA Financial Formulas’ 4th Largest Position

USA Financial Formulas reduced its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 524,309 shares of the company’s stock after selling 23,153 shares during the quarter. iShares S&P 500 Growth ETF comprises approximately 11.8% of USA Financial Formulas’ holdings, making the stock its 4th largest position. USA Financial Formulas owned 0.10% of iShares S&P 500 Growth ETF worth $64,626,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in iShares S&P 500 Growth ETF by 329.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,708,995 shares of the company’s stock valued at $188,160,000 after buying an additional 1,311,063 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in iShares S&P 500 Growth ETF by 196.9% in the third quarter. Thrivent Financial for Lutherans now owns 1,441,392 shares of the company’s stock worth $174,005,000 after acquiring an additional 955,862 shares in the last quarter. EP Wealth Advisors LLC grew its stake in shares of iShares S&P 500 Growth ETF by 487.9% in the second quarter. EP Wealth Advisors LLC now owns 679,544 shares of the company’s stock worth $74,818,000 after acquiring an additional 563,960 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of iShares S&P 500 Growth ETF by 6.9% in the second quarter. Ameriprise Financial Inc. now owns 8,499,823 shares of the company’s stock worth $935,874,000 after acquiring an additional 547,663 shares during the last quarter. Finally, CGC Financial Services LLC bought a new position in shares of iShares S&P 500 Growth ETF during the third quarter valued at $40,544,000.

iShares S&P 500 Growth ETF Price Performance

Shares of NYSEARCA:IVW opened at $109.59 on Friday. The business has a fifty day moving average price of $119.83 and a 200-day moving average price of $121.39. The company has a market capitalization of $58.83 billion, a PE 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.

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.