PNC Financial Services Group Inc. Sells 17,416 Shares of iShares S&P 500 Growth ETF $IVW

PNC Financial Services Group Inc. lowered its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,550,827 shares of the company’s stock after selling 17,416 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares S&P 500 Growth ETF were worth $670,096,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IVW. Davis Capital Management purchased a new position in shares of iShares S&P 500 Growth ETF during the 3rd quarter valued at about $28,000. Darwin Wealth Management LLC bought a new position in iShares S&P 500 Growth ETF during the second quarter valued at approximately $30,000. Howe & Rusling Inc. raised its stake in shares of iShares S&P 500 Growth ETF by 484.1% during the third quarter. Howe & Rusling Inc. now owns 257 shares of the company’s stock worth $31,000 after acquiring an additional 213 shares in the last quarter. Financial Consulate Inc. purchased a new position in shares of iShares S&P 500 Growth ETF during the third quarter worth approximately $41,000. Finally, Morgan Dempsey Capital Management LLC bought a new stake in shares of iShares S&P 500 Growth ETF in the 2nd quarter worth approximately $44,000.

iShares S&P 500 Growth ETF Stock Performance

IVW stock opened at $119.01 on Friday. The firm has a market cap of $63.88 billion, a P/E ratio of 33.33 and a beta of 1.11. The firm’s fifty day moving average is $123.20 and its 200 day moving average is $120.71. iShares S&P 500 Growth ETF has a 52 week low of $79.31 and a 52 week 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.