Novare Capital Management LLC lowered its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) by 11.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,882 shares of the company’s stock after selling 8,864 shares during the quarter. Novare Capital Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $8,131,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. United Bank increased its position in iShares S&P 500 Growth ETF by 4.6% during the second quarter. United Bank now owns 52,096 shares of the company’s stock valued at $5,736,000 after acquiring an additional 2,280 shares during the last quarter. Schnieders Capital Management LLC. purchased a new position in iShares S&P 500 Growth ETF in the second quarter worth about $600,000. Russell Investments Group Ltd. boosted its position in iShares S&P 500 Growth ETF by 13.4% in the second quarter. Russell Investments Group Ltd. now owns 5,992 shares of the company’s stock worth $660,000 after purchasing an additional 707 shares during the last quarter. First Trust Advisors LP grew its stake in shares of iShares S&P 500 Growth ETF by 15.4% during the 2nd quarter. First Trust Advisors LP now owns 31,834 shares of the company’s stock valued at $3,505,000 after purchasing an additional 4,238 shares during the period. Finally, Flow Traders U.S. LLC bought a new stake in shares of iShares S&P 500 Growth ETF during the 2nd quarter valued at about $244,000.
iShares S&P 500 Growth ETF Stock Down 0.8%
NYSEARCA IVW opened at $136.89 on Tuesday. The company has a 50-day moving average price of $133.90 and a 200-day moving average price of $125.40. iShares S&P 500 Growth ETF has a 52 week low of $104.21 and a 52 week high of $141.98. The firm has a market capitalization of $74.19 billion, a P/E ratio of 33.33 and a beta of 1.17.
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. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.
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