iShares S&P 500 Growth ETF $IVW Shares Sold by Modern Wealth Management LLC

Modern Wealth Management LLC decreased its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 20.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 858,560 shares of the company’s stock after selling 225,006 shares during the quarter. iShares S&P 500 Growth ETF makes up approximately 2.0% of Modern Wealth Management LLC’s portfolio, making the stock its 5th biggest position. Modern Wealth Management LLC owned 0.16% of iShares S&P 500 Growth ETF worth $103,645,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in shares of iShares S&P 500 Growth ETF by 0.4% during the third quarter. Envestnet Asset Management Inc. now owns 45,556,746 shares of the company’s stock valued at $5,499,610,000 after acquiring an additional 179,866 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of iShares S&P 500 Growth ETF by 6.9% in the second quarter. Ameriprise Financial Inc. now owns 8,499,823 shares of the company’s stock worth $935,874,000 after purchasing an additional 547,663 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in iShares S&P 500 Growth ETF by 1.4% in 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 purchasing an additional 76,455 shares during the period. Lido Advisors LLC increased its holdings in iShares S&P 500 Growth ETF by 6.4% in the second quarter. Lido Advisors LLC now owns 3,418,138 shares of the company’s stock valued at $376,337,000 after purchasing an additional 205,322 shares during the period. Finally, MML Investors Services LLC raised its position in iShares S&P 500 Growth ETF by 0.4% during the 2nd quarter. MML Investors Services LLC now owns 3,333,902 shares of the company’s stock worth $367,063,000 after purchasing an additional 13,849 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Down 1.6%

Shares of NYSEARCA:IVW opened at $117.92 on Friday. The firm has a market cap of $63.30 billion, a P/E 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. The business has a fifty day simple moving average of $122.15 and a 200 day simple moving average of $121.23.

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.