Sage Financial Management Group Inc. Makes New $880,000 Investment in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Sage Financial Management Group Inc. bought a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the third quarter, HoldingsChannel.com reports. The fund bought 9,188 shares of the company’s stock, valued at approximately $880,000. iShares S&P 500 Growth ETF accounts for 0.3% of Sage Financial Management Group Inc.’s portfolio, making the stock its 28th largest position.

A number of other large investors have also added to or reduced their stakes in the stock. KMG Fiduciary Partners LLC grew its position in iShares S&P 500 Growth ETF by 141.5% in the 3rd quarter. KMG Fiduciary Partners LLC now owns 82,504 shares of the company’s stock worth $7,900,000 after purchasing an additional 48,338 shares during the period. Net Worth Advisory Group purchased a new position in shares of iShares S&P 500 Growth ETF during the 3rd quarter worth $1,030,000. Stratos Investment Management LLC boosted its stake in shares of iShares S&P 500 Growth ETF by 6.0% during the 3rd quarter. Stratos Investment Management LLC now owns 4,837 shares of the company’s stock worth $463,000 after acquiring an additional 273 shares during the last quarter. Stratos Wealth Advisors LLC boosted its stake in shares of iShares S&P 500 Growth ETF by 1.5% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 131,619 shares of the company’s stock worth $12,603,000 after acquiring an additional 1,910 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of iShares S&P 500 Growth ETF by 53.1% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 283,363 shares of the company’s stock worth $27,132,000 after acquiring an additional 98,282 shares during the last quarter.

iShares S&P 500 Growth ETF Price Performance

Shares of iShares S&P 500 Growth ETF stock opened at $97.52 on Friday. The company’s fifty day simple moving average is $93.72 and its 200-day simple moving average is $90.08. The stock has a market capitalization of $51.09 billion, a PE ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 1-year low of $65.53 and a 1-year high of $98.05.

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.