iShares S&P 500 Growth ETF (NYSEARCA:IVW) is Summit Investment Advisory Services LLC’s 7th Largest Position

Summit Investment Advisory Services LLC lowered its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 73,658 shares of the company’s stock after selling 467 shares during the period. iShares S&P 500 Growth ETF comprises approximately 3.9% of Summit Investment Advisory Services LLC’s holdings, making the stock its 7th biggest holding. Summit Investment Advisory Services LLC’s holdings in iShares S&P 500 Growth ETF were worth $7,478,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in IVW. Dakota Wealth Management boosted its holdings in shares of iShares S&P 500 Growth ETF by 1.2% in the fourth quarter. Dakota Wealth Management now owns 7,935 shares of the company’s stock worth $806,000 after buying an additional 97 shares during the period. Gradient Investments LLC boosted its stake in iShares S&P 500 Growth ETF by 2.7% in the 4th quarter. Gradient Investments LLC now owns 3,901 shares of the company’s stock worth $396,000 after purchasing an additional 103 shares during the period. Boston Family Office LLC grew its position in iShares S&P 500 Growth ETF by 0.4% during the 3rd quarter. Boston Family Office LLC now owns 26,064 shares of the company’s stock worth $2,496,000 after purchasing an additional 105 shares in the last quarter. Inspire Advisors LLC raised its stake in iShares S&P 500 Growth ETF by 4.4% during the 3rd quarter. Inspire Advisors LLC now owns 2,602 shares of the company’s stock valued at $249,000 after purchasing an additional 109 shares during the period. Finally, Sanibel Captiva Trust Company Inc. lifted its holdings in shares of iShares S&P 500 Growth ETF by 1.6% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 7,005 shares of the company’s stock valued at $711,000 after purchasing an additional 109 shares in the last quarter.

iShares S&P 500 Growth ETF Trading Down 0.4 %

Shares of IVW stock opened at $106.26 on Friday. The company has a market capitalization of $55.67 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 1-year low of $77.20 and a 1-year high of $107.14. The stock’s fifty day simple moving average is $102.67 and its 200-day simple moving average is $97.05.

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.