Ameriprise Financial Inc. Has $1.02 Billion Stake in iShares S&P 500 Growth ETF $IVW

Ameriprise Financial Inc. reduced its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 0.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,428,311 shares of the company’s stock after selling 71,512 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.55% of iShares S&P 500 Growth ETF worth $1,017,472,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Davis Capital Management acquired a new stake in iShares S&P 500 Growth ETF during the 3rd quarter valued at $28,000. Darwin Wealth Management LLC acquired a new position in shares of iShares S&P 500 Growth ETF in the second quarter valued at $30,000. Howe & Rusling Inc. raised its position in shares of iShares S&P 500 Growth ETF by 484.1% in the third quarter. Howe & Rusling Inc. now owns 257 shares of the company’s stock valued at $31,000 after purchasing an additional 213 shares during the period. Financial Consulate Inc. bought a new position in shares of iShares S&P 500 Growth ETF in the third quarter valued at about $41,000. Finally, Optiver Holding B.V. acquired a new stake in shares of iShares S&P 500 Growth ETF during the 3rd quarter worth about $46,000.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock opened at $116.72 on Friday. The company has a market capitalization of $62.66 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11. The company has a 50-day simple moving average of $121.67 and a 200 day simple moving average of $121.43. iShares S&P 500 Growth ETF has a 52 week low of $79.31 and a 52 week high of $126.61.

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.