USA Financial Formulas cut its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) by 94.5% in the first quarter, HoldingsChannel reports. The firm owned 29,041 shares of the company’s stock after selling 495,268 shares during the period. iShares S&P 500 Growth ETF accounts for approximately 0.6% of USA Financial Formulas’ portfolio, making the stock its 13th biggest holding. USA Financial Formulas’ holdings in iShares S&P 500 Growth ETF were worth $3,285,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Strive Financial Group LLC acquired a new stake in iShares S&P 500 Growth ETF in the 4th quarter worth approximately $26,000. Turning Point Benefit Group Inc. bought a new position in shares of iShares S&P 500 Growth ETF in the third quarter valued at approximately $28,000. Financial Network Wealth Advisors LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 174.4% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after buying an additional 143 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of iShares S&P 500 Growth ETF in the second quarter worth $30,000. Finally, Entrust Financial LLC bought a new stake in shares of iShares S&P 500 Growth ETF during the 4th quarter worth $33,000.
iShares S&P 500 Growth ETF Trading Down 0.4%
NYSEARCA:IVW opened at $141.98 on Friday. iShares S&P 500 Growth ETF has a 1 year low of $108.13 and a 1 year high of $143.26. The firm’s fifty day simple moving average is $136.54 and its 200 day simple moving average is $128.95. The firm has a market capitalization of $77.51 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.
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Want to see what other hedge funds are holding IVW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report).
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