Silverlake Wealth Management LLC Reduces Position in iShares S&P 500 Growth ETF $IVW

Silverlake Wealth Management LLC trimmed its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 80.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,034 shares of the company’s stock after selling 8,373 shares during the quarter. Silverlake Wealth Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $246,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Optima Capital LLC purchased a new stake in shares of iShares S&P 500 Growth ETF in the third quarter worth approximately $210,000. Ashton Thomas Securities LLC bought a new position in iShares S&P 500 Growth ETF in the 3rd quarter valued at $6,463,000. LVZ Inc. increased its stake in iShares S&P 500 Growth ETF by 19.5% in the third quarter. LVZ Inc. now owns 1,026,958 shares of the company’s stock worth $123,974,000 after purchasing an additional 167,223 shares during the period. Global Wealth Management Investment Advisory Inc. lifted its position in shares of iShares S&P 500 Growth ETF by 13.2% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 2,967 shares of the company’s stock worth $358,000 after purchasing an additional 345 shares during the last quarter. Finally, WealthPlan Investment Management LLC lifted its position in shares of iShares S&P 500 Growth ETF by 0.6% during the third quarter. WealthPlan Investment Management LLC now owns 30,059 shares of the company’s stock worth $3,629,000 after purchasing an additional 184 shares during the last quarter.

iShares S&P 500 Growth ETF Trading Up 0.3%

NYSEARCA IVW opened at $123.82 on Friday. The company’s 50-day moving average price is $122.99 and its 200-day moving average price is $119.05. The stock has a market cap of $66.82 billion, a PE ratio of 33.33 and a beta of 1.11. iShares S&P 500 Growth ETF has a 12 month low of $79.31 and a 12 month high of $126.61.

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. 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.