Royal Fund Management LLC Has $9.79 Million Stake in iShares S&P 500 Growth ETF $IVW

Royal Fund Management LLC cut its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 50.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,079 shares of the company’s stock after selling 82,020 shares during the period. iShares S&P 500 Growth ETF comprises approximately 1.2% of Royal Fund Management LLC’s holdings, making the stock its 17th largest holding. Royal Fund Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $9,790,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of IVW. Ameriprise Financial Inc. grew its holdings in iShares S&P 500 Growth ETF by 6.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,499,823 shares of the company’s stock worth $935,874,000 after acquiring an additional 547,663 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of 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 valued at $613,064,000 after purchasing an additional 76,455 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of iShares S&P 500 Growth ETF by 1.9% in the second quarter. Commonwealth Equity Services LLC now owns 3,599,847 shares of the company’s stock valued at $396,343,000 after purchasing an additional 66,596 shares in the last quarter. Lido Advisors LLC raised its position in iShares S&P 500 Growth ETF by 6.4% in the 2nd quarter. Lido Advisors LLC now owns 3,418,138 shares of the company’s stock worth $376,337,000 after purchasing an additional 205,322 shares during the last quarter. Finally, MML Investors Services LLC raised its position in iShares S&P 500 Growth ETF by 0.4% in the 2nd quarter. MML Investors Services LLC now owns 3,333,902 shares of the company’s stock worth $367,063,000 after purchasing an additional 13,849 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW opened at $123.93 on Monday. The business’s fifty day moving average price is $123.04 and its two-hundred day moving average price is $119.28. The firm has a market capitalization of $66.87 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11. iShares S&P 500 Growth ETF has a 52 week low of $79.31 and a 52 week high of $126.61.

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.