Summit Financial LLC Raises Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Summit Financial LLC boosted its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 24.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,214 shares of the company’s stock after buying an additional 2,167 shares during the quarter. Summit Financial LLC’s holdings in iShares S&P 500 Growth ETF were worth $1,139,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Alliancebernstein L.P. increased its stake in shares of iShares S&P 500 Growth ETF by 2.7% in the fourth quarter. Alliancebernstein L.P. now owns 117,292 shares of the company’s stock worth $11,909,000 after acquiring an additional 3,089 shares during the period. Hazlett Burt & Watson Inc. grew its position in iShares S&P 500 Growth ETF by 29.9% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 10,731 shares of the company’s stock worth $1,090,000 after purchasing an additional 2,468 shares during the period. Partners in Financial Planning purchased a new position in shares of iShares S&P 500 Growth ETF during the 4th quarter valued at about $390,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of iShares S&P 500 Growth ETF by 25.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 16,328 shares of the company’s stock valued at $1,658,000 after buying an additional 3,333 shares during the period. Finally, Life Planning Partners Inc purchased a new stake in shares of iShares S&P 500 Growth ETF in the fourth quarter worth about $4,371,000.

iShares S&P 500 Growth ETF Stock Up 0.7 %

iShares S&P 500 Growth ETF stock opened at $93.50 on Wednesday. The business’s 50-day moving average price is $100.37 and its 200 day moving average price is $99.92. The firm has a market cap of $51.47 billion, a price-to-earnings ratio of 30.22 and a beta of 1.08. iShares S&P 500 Growth ETF has a 52 week low of $79.07 and a 52 week high of $107.14.

About iShares S&P 500 Growth ETF

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.