Madrona Financial Services LLC Decreases Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Madrona Financial Services LLC trimmed its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 76.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,948 shares of the company’s stock after selling 110,854 shares during the period. iShares S&P 500 Growth ETF accounts for 0.9% of Madrona Financial Services LLC’s holdings, making the stock its 26th biggest position. Madrona Financial Services LLC’s holdings in iShares S&P 500 Growth ETF were worth $3,151,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings in iShares S&P 500 Growth ETF by 1.7% during the fourth quarter. JPMorgan Chase & Co. now owns 44,878,487 shares of the company’s stock valued at $4,556,513,000 after purchasing an additional 764,970 shares in the last quarter. LPL Financial LLC lifted its holdings in iShares S&P 500 Growth ETF by 14.4% during the fourth quarter. LPL Financial LLC now owns 17,940,390 shares of the company’s stock valued at $1,821,488,000 after purchasing an additional 2,257,493 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in iShares S&P 500 Growth ETF by 6.4% during the fourth quarter. Wells Fargo & Company MN now owns 16,602,697 shares of the company’s stock valued at $1,685,672,000 after purchasing an additional 999,882 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in iShares S&P 500 Growth ETF by 2.4% during the fourth quarter. Ameriprise Financial Inc. now owns 7,975,850 shares of the company’s stock valued at $809,740,000 after purchasing an additional 186,796 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in iShares S&P 500 Growth ETF by 2.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,478,191 shares of the company’s stock valued at $556,201,000 after purchasing an additional 148,960 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Up 0.3%

IVW opened at $107.83 on Thursday. The company has a market cap of $58.38 billion, a price-to-earnings ratio of 29.66 and a beta of 1.12. iShares S&P 500 Growth ETF has a 52-week low of $79.31 and a 52-week high of $108.24. The firm’s fifty day simple moving average is $100.67 and its two-hundred day simple moving average is $100.03.

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.