Sovereign Financial Group Inc. Has $2.24 Million Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Sovereign Financial Group Inc. cut its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 3.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 24,143 shares of the company’s stock after selling 936 shares during the quarter. Sovereign Financial Group Inc.’s holdings in iShares S&P 500 Growth ETF were worth $2,241,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in IVW. Mountain Hill Investment Partners Corp. acquired a new position in iShares S&P 500 Growth ETF in the fourth quarter valued at approximately $28,000. Copia Wealth Management acquired a new position in shares of iShares S&P 500 Growth ETF during the fourth quarter worth approximately $30,000. Whipplewood Advisors LLC acquired a new position in shares of iShares S&P 500 Growth ETF during the first quarter worth approximately $32,000. BankPlus Trust Department acquired a new position in shares of iShares S&P 500 Growth ETF during the fourth quarter worth approximately $36,000. Finally, Compass Financial Services Inc acquired a new position in shares of iShares S&P 500 Growth ETF during the fourth quarter worth approximately $40,000.

iShares S&P 500 Growth ETF Stock Up 1.1%

Shares of NYSEARCA:IVW opened at $105.55 on Friday. iShares S&P 500 Growth ETF has a twelve month low of $79.31 and a twelve month high of $107.14. The stock’s 50 day moving average is $96.15 and its 200-day moving average is $99.60. The firm has a market capitalization of $56.93 billion, a price-to-earnings ratio of 29.66 and a beta of 1.12.

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.