Ehrlich Financial Group Lowers Stake in iShares S&P 500 Growth ETF $IVW

Ehrlich Financial Group trimmed its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 10.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 35,256 shares of the company’s stock after selling 3,997 shares during the quarter. iShares S&P 500 Growth ETF accounts for approximately 2.5% of Ehrlich Financial Group’s portfolio, making the stock its 8th biggest holding. Ehrlich Financial Group’s holdings in iShares S&P 500 Growth ETF were worth $4,849,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Strive Financial Group LLC bought a new position in iShares S&P 500 Growth ETF in the fourth quarter worth approximately $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF in the 4th quarter worth $28,000. Financial Network Wealth Advisors LLC increased its stake in shares of iShares S&P 500 Growth ETF by 174.4% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after purchasing an additional 143 shares in the last quarter. Turning Point Benefit Group Inc. bought a new position in iShares S&P 500 Growth ETF in the 3rd quarter worth $28,000. Finally, Darwin Wealth Management LLC bought a new position in iShares S&P 500 Growth ETF in the 2nd quarter worth $30,000.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA IVW opened at $142.10 on Friday. The company has a market capitalization of $77.58 billion, a PE ratio of 33.33 and a beta of 1.17. The business’s fifty day moving average is $136.32 and its 200 day moving average is $128.29. iShares S&P 500 Growth ETF has a fifty-two week low of $108.13 and a fifty-two week high of $143.26.

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. 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.