Formidable Asset Management LLC Acquires 5,986 Shares of iShares S&P 500 Growth ETF $IVW

Formidable Asset Management LLC boosted its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 133.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,474 shares of the company’s stock after purchasing an additional 5,986 shares during the quarter. Formidable Asset Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $1,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of IVW. Ameriprise Financial Inc. lifted its position in iShares S&P 500 Growth ETF by 6.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,499,823 shares of the company’s stock worth $935,874,000 after buying an additional 547,663 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of iShares S&P 500 Growth ETF by 1.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,568,243 shares of the company’s stock worth $613,064,000 after acquiring an additional 76,455 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of iShares S&P 500 Growth ETF by 1.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,599,847 shares of the company’s stock worth $396,343,000 after acquiring an additional 66,596 shares during the last quarter. Lido Advisors LLC boosted its stake in shares of iShares S&P 500 Growth ETF by 6.4% in the 2nd quarter. Lido Advisors LLC now owns 3,418,138 shares of the company’s stock valued at $376,337,000 after purchasing an additional 205,322 shares in the last quarter. Finally, MML Investors Services LLC grew its holdings in shares of iShares S&P 500 Growth ETF by 0.4% during the 2nd quarter. MML Investors Services LLC now owns 3,333,902 shares of the company’s stock valued at $367,063,000 after purchasing an additional 13,849 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Up 0.1%

NYSEARCA IVW opened at $123.93 on Monday. The company has a 50-day simple moving average of $123.04 and a two-hundred day simple moving average of $119.28. iShares S&P 500 Growth ETF has a 12-month low of $79.31 and a 12-month high of $126.61. The firm has a market cap of $66.87 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11.

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. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.