iShares S&P 500 Growth ETF $IVW Stock Position Reduced by Broadview Financial Management LLC

Broadview Financial Management LLC trimmed its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 6.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 89,008 shares of the company’s stock after selling 5,906 shares during the period. iShares S&P 500 Growth ETF accounts for about 7.2% of Broadview Financial Management LLC’s portfolio, making the stock its 5th largest position. Broadview Financial Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $10,745,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dynamic Financial Group grew its position in iShares S&P 500 Growth ETF by 11.4% in the second quarter. Dynamic Financial Group now owns 5,383 shares of the company’s stock worth $593,000 after acquiring an additional 549 shares during the period. Pathway Financial Advisors LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 15.2% in the 2nd quarter. Pathway Financial Advisors LLC now owns 30,150 shares of the company’s stock valued at $3,320,000 after purchasing an additional 3,970 shares during the last quarter. Welch Group LLC grew its holdings in shares of iShares S&P 500 Growth ETF by 16.3% during the 2nd quarter. Welch Group LLC now owns 5,196 shares of the company’s stock worth $572,000 after purchasing an additional 729 shares during the period. MGO One Seven LLC increased its position in shares of iShares S&P 500 Growth ETF by 342.4% during the 2nd quarter. MGO One Seven LLC now owns 67,704 shares of the company’s stock worth $7,454,000 after purchasing an additional 52,401 shares during the last quarter. Finally, Lion Street Advisors LLC raised its holdings in iShares S&P 500 Growth ETF by 15.2% in the 2nd quarter. Lion Street Advisors LLC now owns 8,805 shares of the company’s stock valued at $969,000 after buying an additional 1,159 shares during the period.

iShares S&P 500 Growth ETF Price Performance

NYSEARCA IVW opened at $122.55 on Tuesday. The stock has a market capitalization of $65.78 billion, a P/E ratio of 33.33 and a beta of 1.11. The firm’s 50-day moving average is $123.47 and its two-hundred day moving average is $120.57. 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 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.