CIBC Bancorp USA Inc. Invests $10.60 Million in iShares S&P 500 Growth ETF $IVW

CIBC Bancorp USA Inc. purchased a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 87,792 shares of the company’s stock, valued at approximately $10,598,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. United Bank boosted its holdings in iShares S&P 500 Growth ETF by 4.6% in the second quarter. United Bank now owns 52,096 shares of the company’s stock worth $5,736,000 after acquiring an additional 2,280 shares in the last quarter. Schnieders Capital Management LLC. purchased a new position in shares of iShares S&P 500 Growth ETF in the 2nd quarter worth about $600,000. Inspire Advisors LLC raised its position in shares of iShares S&P 500 Growth ETF by 6.8% in the 2nd quarter. Inspire Advisors LLC now owns 3,827 shares of the company’s stock worth $421,000 after purchasing an additional 242 shares during the last quarter. GDS Wealth Management boosted its stake in iShares S&P 500 Growth ETF by 7.0% in the 2nd quarter. GDS Wealth Management now owns 7,498 shares of the company’s stock worth $826,000 after purchasing an additional 493 shares in the last quarter. Finally, Prudential PLC bought a new position in iShares S&P 500 Growth ETF in the 2nd quarter worth about $958,000.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock opened at $116.40 on Friday. The company has a market capitalization of $62.48 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11. iShares S&P 500 Growth ETF has a one year low of $79.31 and a one year high of $126.61. The company’s 50-day moving average is $121.13 and its 200 day moving average is $121.45.

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. 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.