SGL Investment Advisors Inc. Decreases Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

SGL Investment Advisors Inc. lowered its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,149 shares of the company’s stock after selling 670 shares during the period. iShares S&P 500 Growth ETF makes up about 2.1% of SGL Investment Advisors Inc.’s investment portfolio, making the stock its 20th largest position. SGL Investment Advisors Inc.’s holdings in iShares S&P 500 Growth ETF were worth $4,113,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in iShares S&P 500 Growth ETF in the 4th quarter worth $456,880,000. Wealthfront Advisers LLC purchased a new stake in shares of iShares S&P 500 Growth ETF during the fourth quarter worth about $350,009,000. FIL Ltd acquired a new position in shares of iShares S&P 500 Growth ETF in the fourth quarter worth about $309,434,000. LPL Financial LLC boosted its holdings in iShares S&P 500 Growth ETF by 14.4% in the fourth quarter. LPL Financial LLC now owns 17,940,390 shares of the company’s stock valued at $1,821,488,000 after purchasing an additional 2,257,493 shares during the last quarter. Finally, Lido Advisors LLC boosted its holdings in iShares S&P 500 Growth ETF by 49.7% in the fourth quarter. Lido Advisors LLC now owns 3,127,477 shares of the company’s stock valued at $317,533,000 after purchasing an additional 1,038,548 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Up 0.1%

IVW stock opened at $103.31 on Friday. The stock’s 50 day moving average is $93.22 and its two-hundred day moving average is $99.07. iShares S&P 500 Growth ETF has a 52-week low of $79.31 and a 52-week high of $107.14. The company has a market capitalization of $56.40 billion, a PE ratio of 29.66 and a beta of 1.12.

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.