MV Capital Management Inc. Has $33.26 Million Stock Position in iShares S&P 500 Growth ETF $IVW

MV Capital Management Inc. lowered its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 4.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 302,048 shares of the company’s stock after selling 13,186 shares during the period. iShares S&P 500 Growth ETF accounts for approximately 3.4% of MV Capital Management Inc.’s investment portfolio, making the stock its 6th biggest holding. MV Capital Management Inc.’s holdings in iShares S&P 500 Growth ETF were worth $33,256,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC increased its position in iShares S&P 500 Growth ETF by 5.5% during the 1st quarter. LPL Financial LLC now owns 18,929,345 shares of the company’s stock worth $1,757,211,000 after buying an additional 988,955 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of iShares S&P 500 Growth ETF by 4.4% in the first quarter. Goldman Sachs Group Inc. now owns 6,639,595 shares of the company’s stock valued at $616,354,000 after acquiring an additional 279,859 shares in the last quarter. PNC Financial Services Group Inc. increased its position in iShares S&P 500 Growth ETF by 1.4% during the second quarter. PNC Financial Services Group Inc. now owns 5,568,243 shares of the company’s stock worth $613,064,000 after acquiring an additional 76,455 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of iShares S&P 500 Growth ETF by 1.9% during the second quarter. Commonwealth Equity Services LLC now owns 3,599,847 shares of the company’s stock worth $396,343,000 after purchasing an additional 66,596 shares during the period. Finally, Cetera Investment Advisers raised its holdings in iShares S&P 500 Growth ETF by 7.9% in the 1st quarter. Cetera Investment Advisers now owns 3,465,787 shares of the company’s stock valued at $321,729,000 after acquiring an additional 253,383 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Down 0.2%

IVW opened at $123.61 on Thursday. The stock has a market capitalization of $67.10 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11. iShares S&P 500 Growth ETF has a twelve month low of $79.31 and a twelve month high of $126.61. The company has a 50-day simple moving average of $121.07 and a 200 day simple moving average of $112.66.

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.