KFG Wealth Management LLC Sells 10,732 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

KFG Wealth Management LLC cut its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 10.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,720 shares of the company’s stock after selling 10,732 shares during the period. iShares S&P 500 Growth ETF makes up about 3.3% of KFG Wealth Management LLC’s holdings, making the stock its 7th biggest position. KFG Wealth Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $7,264,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of IVW. Moneta Group Investment Advisors LLC grew its holdings in shares of iShares S&P 500 Growth ETF by 111,454.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 552,700,957 shares of the company’s stock valued at $32,333,006,000 after buying an additional 552,205,503 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of iShares S&P 500 Growth ETF by 54.8% during the third quarter. Envestnet Asset Management Inc. now owns 21,690,571 shares of the company’s stock valued at $1,484,069,000 after buying an additional 7,681,845 shares in the last quarter. LPL Financial LLC grew its holdings in shares of iShares S&P 500 Growth ETF by 35.1% during the third quarter. LPL Financial LLC now owns 7,697,945 shares of the company’s stock valued at $526,693,000 after buying an additional 1,998,078 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of iShares S&P 500 Growth ETF during the third quarter valued at $133,439,000. Finally, Morgan Stanley grew its holdings in shares of iShares S&P 500 Growth ETF by 5.5% during the third quarter. Morgan Stanley now owns 29,378,514 shares of the company’s stock valued at $2,010,078,000 after buying an additional 1,542,503 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock traded down $1.81 on Friday, reaching $79.31. 3,724,746 shares of the company’s stock traded hands, compared to its average volume of 3,702,420. iShares S&P 500 Growth ETF has a 12-month low of $63.10 and a 12-month high of $85.56. The company has a market capitalization of $41.62 billion, a P/E ratio of 28.34 and a beta of 1.10. The business’s 50 day moving average price is $83.08 and its two-hundred day moving average price is $76.52.

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.