Modern Wealth Management LLC Trims Stake in iShares S&P 500 Growth ETF $IVW

Modern Wealth Management LLC reduced its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.9% in the second quarter, HoldingsChannel.com reports. The fund owned 1,083,991 shares of the company’s stock after selling 21,396 shares during the quarter. iShares S&P 500 Growth ETF accounts for 3.0% of Modern Wealth Management LLC’s portfolio, making the stock its 3rd biggest position. Modern Wealth Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $119,347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in iShares S&P 500 Growth ETF by 6.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,499,823 shares of the company’s stock valued at $935,874,000 after acquiring an additional 547,663 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of iShares S&P 500 Growth ETF by 4.4% during the first quarter. Goldman Sachs Group Inc. now owns 6,639,595 shares of the company’s stock valued at $616,354,000 after acquiring an additional 279,859 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of iShares S&P 500 Growth ETF by 1.4% during the second quarter. PNC Financial Services Group Inc. now owns 5,568,243 shares of the company’s stock valued at $613,064,000 after buying an additional 76,455 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of iShares S&P 500 Growth ETF by 1.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,599,847 shares of the company’s stock valued at $396,343,000 after purchasing an additional 66,596 shares during the period. Finally, Lido Advisors LLC lifted its position in iShares S&P 500 Growth ETF by 6.4% in the 2nd quarter. Lido Advisors LLC now owns 3,418,138 shares of the company’s stock worth $376,337,000 after buying an additional 205,322 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW opened at $122.39 on Friday. The firm has a market cap of $66.44 billion, a PE ratio of 33.33 and a beta of 1.11. iShares S&P 500 Growth ETF has a twelve month low of $79.31 and a twelve month high of $126.61. The firm’s 50 day moving average price is $122.29 and its 200 day moving average price is $116.04.

iShares S&P 500 Growth ETF Company 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.