Mercer Global Advisors Inc. ADV Has $37.99 Million Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Mercer Global Advisors Inc. ADV cut its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 14.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 410,536 shares of the company’s stock after selling 69,561 shares during the quarter. Mercer Global Advisors Inc. ADV owned 0.08% of iShares S&P 500 Growth ETF worth $37,991,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IVW. Envestnet Asset Management Inc. boosted its position in shares of iShares S&P 500 Growth ETF by 47.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 49,022,359 shares of the company’s stock valued at $4,536,529,000 after acquiring an additional 15,673,824 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in iShares S&P 500 Growth ETF by 1.5% during the first quarter. JPMorgan Chase & Co. now owns 46,660,015 shares of the company’s stock valued at $3,939,972,000 after purchasing an additional 709,113 shares in the last quarter. LPL Financial LLC grew its stake in shares of iShares S&P 500 Growth ETF by 35.2% in the 2nd quarter. LPL Financial LLC now owns 15,426,906 shares of the company’s stock valued at $1,427,606,000 after purchasing an additional 4,015,007 shares during the period. Stifel Financial Corp raised its holdings in shares of iShares S&P 500 Growth ETF by 0.8% in the 4th quarter. Stifel Financial Corp now owns 6,968,324 shares of the company’s stock worth $523,327,000 after buying an additional 58,292 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of iShares S&P 500 Growth ETF by 60.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,371,552 shares of the company’s stock worth $589,623,000 after buying an additional 2,404,544 shares during the period.

iShares S&P 500 Growth ETF Price Performance

Shares of IVW stock opened at $92.82 on Thursday. The stock’s fifty day simple moving average is $91.44 and its 200 day simple moving average is $88.27. iShares S&P 500 Growth ETF has a one year low of $65.53 and a one year high of $97.22. The firm has a market cap of $48.63 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14.

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.