Sage Financial Management Group Inc. Lowers Stock Position in iShares S&P 500 Growth ETF $IVW

Sage Financial Management Group Inc. lowered its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,920 shares of the company’s stock after selling 140 shares during the quarter. iShares S&P 500 Growth ETF comprises approximately 0.3% of Sage Financial Management Group Inc.’s portfolio, making the stock its 28th biggest position. Sage Financial Management Group Inc.’s holdings in iShares S&P 500 Growth ETF were worth $982,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Flaharty Asset Management LLC purchased a new position in iShares S&P 500 Growth ETF during the first quarter valued at $26,000. Elite Financial Inc. purchased a new position in iShares S&P 500 Growth ETF during the first quarter valued at $26,000. Mechanics Financial Corp purchased a new position in iShares S&P 500 Growth ETF during the first quarter valued at $27,000. Ryan Investment Management Inc. bought a new position in shares of iShares S&P 500 Growth ETF during the second quarter valued at $36,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of iShares S&P 500 Growth ETF during the first quarter valued at $33,000.

iShares S&P 500 Growth ETF Price Performance

Shares of NYSEARCA:IVW opened at $121.06 on Friday. iShares S&P 500 Growth ETF has a 1-year low of $79.31 and a 1-year high of $121.92. The business has a fifty day moving average price of $116.68 and a 200-day moving average price of $106.29. The company has a market capitalization of $66.00 billion, a PE ratio of 33.33 and a beta of 1.05.

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.