Modera Wealth Management LLC Sells 12,738 Shares of iShares S&P 500 Growth ETF $IVW

Modera Wealth Management LLC reduced its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 720,950 shares of the company’s stock after selling 12,738 shares during the period. iShares S&P 500 Growth ETF accounts for 1.0% of Modera Wealth Management LLC’s holdings, making the stock its 26th largest holding. Modera Wealth Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $79,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Flaharty Asset Management LLC acquired a new position in iShares S&P 500 Growth ETF in the 1st quarter valued at about $26,000. Mechanics Financial Corp bought a new position in shares of iShares S&P 500 Growth ETF during the first quarter worth approximately $27,000. Ryan Investment Management Inc. acquired a new stake in iShares S&P 500 Growth ETF during the 2nd quarter worth approximately $36,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in iShares S&P 500 Growth ETF in the 1st quarter valued at $33,000. Finally, Morgan Dempsey Capital Management LLC acquired a new position in iShares S&P 500 Growth ETF in the 2nd quarter valued at $44,000.

iShares S&P 500 Growth ETF Stock Performance

IVW opened at $121.77 on Friday. The stock has a fifty day moving average of $120.37 and a 200-day moving average of $111.59. 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 company has a market capitalization of $66.10 billion, a P/E 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.