iShares S&P 500 Growth ETF $IVW Stock Sold by IFP Advisors Inc

IFP Advisors Inc lessened its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 4.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 258,251 shares of the company’s stock after selling 11,729 shares during the period. iShares S&P 500 Growth ETF comprises 0.6% of IFP Advisors Inc’s investment portfolio, making the stock its 21st biggest position. IFP Advisors Inc’s holdings in iShares S&P 500 Growth ETF were worth $36,739,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. First Pacific Financial acquired a new stake in iShares S&P 500 Growth ETF during the second quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. raised its position in iShares S&P 500 Growth ETF by 1,071.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 246 shares of the company’s stock valued at $34,000 after acquiring an additional 225 shares in the last quarter. GK Wealth Management LLC purchased a new position in iShares S&P 500 Growth ETF during the third quarter valued at approximately $41,000. Measured Wealth Private Client Group LLC acquired a new position in iShares S&P 500 Growth ETF in the first quarter valued at approximately $34,000. Finally, YANKCOM Partnership acquired a new position in iShares S&P 500 Growth ETF in the third quarter valued at approximately $51,000.

iShares S&P 500 Growth ETF Trading Down 1.9%

Shares of NYSEARCA:IVW opened at $138.93 on Friday. iShares S&P 500 Growth ETF has a 12-month low of $108.13 and a 12-month high of $146.83. The business has a 50 day moving average of $141.13 and a two-hundred day moving average of $135.73. The company has a market capitalization of $76.86 billion, a PE ratio of 33.33 and a beta of 1.17.

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.