iShares S&P 500 Growth ETF $IVW Shares Sold by Valmark Advisers Inc.

Valmark Advisers Inc. cut its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 0.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 593,468 shares of the company’s stock after selling 4,998 shares during the quarter. iShares S&P 500 Growth ETF comprises approximately 0.8% of Valmark Advisers Inc.’s investment portfolio, making the stock its 27th biggest position. Valmark Advisers Inc. owned 0.11% of iShares S&P 500 Growth ETF worth $67,127,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Strive Financial Group LLC acquired a new position in iShares S&P 500 Growth ETF in the fourth quarter valued at about $26,000. Decker Retirement Planning Inc. purchased a new position in iShares S&P 500 Growth ETF during the fourth quarter worth about $28,000. Financial Network Wealth Advisors LLC increased its position in shares of iShares S&P 500 Growth ETF by 174.4% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after acquiring an additional 143 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new stake in shares of iShares S&P 500 Growth ETF during the third quarter valued at about $28,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of iShares S&P 500 Growth ETF during the second quarter valued at about $30,000.

iShares S&P 500 Growth ETF Stock Performance

Shares of iShares S&P 500 Growth ETF stock traded up $0.82 on Friday, reaching $138.59. The company had a trading volume of 1,005,223 shares, compared to its average volume of 3,851,213. The firm’s 50 day moving average price is $136.32 and its two-hundred day moving average price is $126.62. iShares S&P 500 Growth ETF has a 52-week low of $108.13 and a 52-week high of $141.98. The firm has a market cap of $75.46 billion, a PE ratio of 33.33 and a beta of 1.17.

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.