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

Pinkerton Wealth LLC lowered its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 21.1% during the third quarter, HoldingsChannel reports. The firm owned 206,238 shares of the company’s stock after selling 55,274 shares during the quarter. iShares S&P 500 Growth ETF comprises approximately 2.7% of Pinkerton Wealth LLC’s portfolio, making the stock its 13th biggest holding. Pinkerton Wealth LLC’s holdings in iShares S&P 500 Growth ETF were worth $24,897,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IVW. Davis Capital Management purchased a new position in iShares S&P 500 Growth ETF during the 3rd quarter worth $28,000. Howe & Rusling Inc. boosted its holdings in iShares S&P 500 Growth ETF by 484.1% in the 3rd quarter. Howe & Rusling Inc. now owns 257 shares of the company’s stock valued at $31,000 after purchasing an additional 213 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of iShares S&P 500 Growth ETF during the 2nd quarter worth approximately $30,000. Financial Consulate Inc. acquired a new stake in shares of iShares S&P 500 Growth ETF in the 3rd quarter valued at approximately $41,000. Finally, Optiver Holding B.V. acquired a new position in iShares S&P 500 Growth ETF during the third quarter worth $46,000.

iShares S&P 500 Growth ETF Stock Up 1.6%

NYSEARCA:IVW opened at $119.78 on Tuesday. iShares S&P 500 Growth ETF has a fifty-two week low of $79.31 and a fifty-two week high of $126.61. The firm’s fifty day simple moving average is $122.06 and its 200-day simple moving average is $121.38. The stock has a market cap of $64.30 billion, a PE ratio of 33.33 and a beta of 1.11.

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.