The Manufacturers Life Insurance Company Purchases New Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

The Manufacturers Life Insurance Company purchased a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 861,240 shares of the company’s stock, valued at approximately $82,464,000. The Manufacturers Life Insurance Company owned approximately 0.16% of iShares S&P 500 Growth ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. raised its stake in iShares S&P 500 Growth ETF by 47.0% during the second quarter. Envestnet Asset Management Inc. now owns 49,022,359 shares of the company’s stock worth $4,536,529,000 after acquiring an additional 15,673,824 shares in the last quarter. LPL Financial LLC raised its stake in iShares S&P 500 Growth ETF by 35.2% during the second quarter. LPL Financial LLC now owns 15,426,906 shares of the company’s stock worth $1,427,606,000 after acquiring an additional 4,015,007 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in iShares S&P 500 Growth ETF by 60.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,371,552 shares of the company’s stock worth $589,623,000 after acquiring an additional 2,404,544 shares in the last quarter. Cetera Investment Advisers raised its stake in iShares S&P 500 Growth ETF by 200.4% during the first quarter. Cetera Investment Advisers now owns 2,545,315 shares of the company’s stock worth $214,926,000 after acquiring an additional 1,698,066 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake in iShares S&P 500 Growth ETF by 60.1% during the second quarter. Park Avenue Securities LLC now owns 4,243,838 shares of the company’s stock worth $392,725,000 after acquiring an additional 1,593,875 shares in the last quarter.

iShares S&P 500 Growth ETF Trading Down 0.7 %

Shares of NYSEARCA IVW opened at $99.93 on Thursday. The company has a market cap of $52.35 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. The stock has a 50-day moving average price of $97.48 and a two-hundred day moving average price of $93.24. iShares S&P 500 Growth ETF has a 12 month low of $71.93 and a 12 month high of $101.55.

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.