Janney Montgomery Scott LLC Sells 92,503 Shares of iShares S&P 500 Growth ETF $IVW

Janney Montgomery Scott LLC trimmed its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,151,752 shares of the company’s stock after selling 92,503 shares during the quarter. iShares S&P 500 Growth ETF accounts for 0.6% of Janney Montgomery Scott LLC’s portfolio, making the stock its 27th largest position. Janney Montgomery Scott LLC owned about 0.40% of iShares S&P 500 Growth ETF worth $259,760,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gill Capital Partners LLC acquired a new position in shares of iShares S&P 500 Growth ETF in the 3rd quarter valued at $504,000. First Horizon Corp bought a new stake in iShares S&P 500 Growth ETF in the third quarter valued at about $4,237,000. MGO One Seven LLC raised its position in iShares S&P 500 Growth ETF by 286.9% in the third quarter. MGO One Seven LLC now owns 261,916 shares of the company’s stock worth $31,618,000 after purchasing an additional 194,212 shares in the last quarter. Citizens Financial Group Inc. RI raised its position in iShares S&P 500 Growth ETF by 2.3% in the third quarter. Citizens Financial Group Inc. RI now owns 203,395 shares of the company’s stock worth $24,554,000 after purchasing an additional 4,653 shares in the last quarter. Finally, Vantage Point Financial LLC lifted its stake in iShares S&P 500 Growth ETF by 14.0% during the third quarter. Vantage Point Financial LLC now owns 4,941 shares of the company’s stock worth $596,000 after purchasing an additional 607 shares during the period.

iShares S&P 500 Growth ETF Trading Up 0.8%

NYSEARCA IVW opened at $124.66 on Monday. iShares S&P 500 Growth ETF has a 1-year low of $79.31 and a 1-year high of $126.61. The company has a market capitalization of $67.28 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11. The stock’s 50 day moving average is $122.93 and its two-hundred day moving average is $118.76.

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.