Ehrlich Financial Group Lowers Holdings in iShares S&P 500 Growth ETF $IVW

Ehrlich Financial Group cut its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 10.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,256 shares of the company’s stock after selling 3,997 shares during the quarter. iShares S&P 500 Growth ETF accounts for about 2.5% of Ehrlich Financial Group’s investment portfolio, making the stock its 8th largest holding. Ehrlich Financial Group’s holdings in iShares S&P 500 Growth ETF were worth $4,849,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. United Bank boosted its holdings in iShares S&P 500 Growth ETF by 4.6% in the second quarter. United Bank now owns 52,096 shares of the company’s stock worth $5,736,000 after purchasing an additional 2,280 shares during the last quarter. Schnieders Capital Management LLC. purchased a new stake in iShares S&P 500 Growth ETF during the 2nd quarter valued at $600,000. Russell Investments Group Ltd. raised its stake in iShares S&P 500 Growth ETF by 13.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,992 shares of the company’s stock valued at $660,000 after buying an additional 707 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of iShares S&P 500 Growth ETF by 15.4% during the 2nd quarter. First Trust Advisors LP now owns 31,834 shares of the company’s stock valued at $3,505,000 after buying an additional 4,238 shares during the period. Finally, Flow Traders U.S. LLC bought a new position in shares of iShares S&P 500 Growth ETF during the 2nd quarter valued at $244,000.

iShares S&P 500 Growth ETF Price Performance

IVW stock opened at $142.10 on Friday. The company has a market cap of $77.58 billion, a P/E ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a 1 year low of $108.13 and a 1 year high of $143.26. The stock’s fifty day moving average price is $136.32 and its 200-day moving average price is $128.29.

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.