D.A. Davidson & CO. Sells 7,075 Shares of iShares S&P 500 Growth ETF $IVW

D.A. Davidson & CO. decreased its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 8.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,030 shares of the company’s stock after selling 7,075 shares during the period. D.A. Davidson & CO.’s holdings in iShares S&P 500 Growth ETF were worth $10,181,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. United Bank lifted its position in shares of iShares S&P 500 Growth ETF by 4.6% in the second quarter. United Bank now owns 52,096 shares of the company’s stock worth $5,736,000 after buying an additional 2,280 shares in the last quarter. Schnieders Capital Management LLC. purchased a new position in iShares S&P 500 Growth ETF during the 2nd quarter valued at approximately $600,000. Russell Investments Group Ltd. increased its stake in iShares S&P 500 Growth ETF by 13.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 5,992 shares of the company’s stock worth $660,000 after acquiring an additional 707 shares during the last quarter. First Trust Advisors LP increased its stake in iShares S&P 500 Growth ETF by 15.4% in the 2nd quarter. First Trust Advisors LP now owns 31,834 shares of the company’s stock worth $3,505,000 after acquiring an additional 4,238 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of iShares S&P 500 Growth ETF during the 2nd quarter worth approximately $244,000.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA IVW opened at $141.98 on Friday. The company has a market capitalization of $77.51 billion, a P/E ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a one year low of $108.13 and a one year high of $143.26. The stock has a 50 day moving average price of $136.54 and a 200-day moving average price of $128.95.

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.