Modern Wealth Management LLC Decreases Stock Holdings in iShares S&P 500 Growth ETF $IVW

Modern Wealth Management LLC trimmed its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 27.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 592,856 shares of the company’s stock after selling 223,338 shares during the period. iShares S&P 500 Growth ETF comprises 1.2% of Modern Wealth Management LLC’s portfolio, making the stock its 18th largest position. Modern Wealth Management LLC owned 0.11% of iShares S&P 500 Growth ETF worth $67,947,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Calamos Advisors LLC increased its holdings in iShares S&P 500 Growth ETF by 2,637.2% during the 1st quarter. Calamos Advisors LLC now owns 1,168,503 shares of the company’s stock valued at $132,169,000 after purchasing an additional 1,125,813 shares during the period. Focus Partners Wealth lifted its holdings in iShares S&P 500 Growth ETF by 81.0% in the 4th quarter. Focus Partners Wealth now owns 1,920,546 shares of the company’s stock worth $236,725,000 after buying an additional 859,584 shares during the period. Fifth Third Bancorp lifted its holdings in iShares S&P 500 Growth ETF by 131.3% in the 1st quarter. Fifth Third Bancorp now owns 1,497,810 shares of the company’s stock worth $169,417,000 after buying an additional 850,349 shares during the period. Valpey Financial Services LLC grew its position in shares of iShares S&P 500 Growth ETF by 11,889.3% in the 4th quarter. Valpey Financial Services LLC now owns 712,286 shares of the company’s stock worth $87,796,000 after buying an additional 706,345 shares during the last quarter. Finally, Align Financial LLC bought a new stake in shares of iShares S&P 500 Growth ETF in the 4th quarter worth approximately $49,180,000.

iShares S&P 500 Growth ETF Stock Performance

IVW opened at $133.59 on Friday. iShares S&P 500 Growth ETF has a 52-week low of $108.13 and a 52-week high of $141.98. The stock has a market capitalization of $72.85 billion, a PE ratio of 33.33 and a beta of 1.17. The stock’s 50 day moving average price is $136.53 and its 200-day moving average price is $127.39.

iShares S&P 500 Growth ETF Company 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.