Keystone Financial Services Has $20.13 Million Holdings in iShares S&P 500 Growth ETF $IVW

Keystone Financial Services lowered its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 13.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 182,819 shares of the company’s stock after selling 28,168 shares during the quarter. iShares S&P 500 Growth ETF accounts for about 6.8% of Keystone Financial Services’ investment portfolio, making the stock its 5th largest holding. Keystone Financial Services’ holdings in iShares S&P 500 Growth ETF were worth $20,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in IVW. Flaharty Asset Management LLC bought a new position in shares of iShares S&P 500 Growth ETF in the first quarter worth $26,000. Mechanics Financial Corp bought a new stake in iShares S&P 500 Growth ETF during the first quarter worth about $27,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in iShares S&P 500 Growth ETF during the first quarter worth about $33,000. Ryan Investment Management Inc. acquired a new stake in iShares S&P 500 Growth ETF during the second quarter worth about $36,000. Finally, Christopher J. Hasenberg Inc bought a new position in iShares S&P 500 Growth ETF in the 1st quarter valued at about $42,000.

iShares S&P 500 Growth ETF Trading Down 0.2%

Shares of NYSEARCA:IVW opened at $121.54 on Friday. The firm has a 50 day moving average of $120.51 and a 200-day moving average of $111.83. iShares S&P 500 Growth ETF has a 12 month low of $79.31 and a 12 month high of $126.61. The stock has a market capitalization of $65.98 billion, a PE ratio of 33.33 and a beta of 1.11.

About iShares S&P 500 Growth ETF

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.