iShares S&P 500 Growth ETF $IVW Shares Sold by Modern Wealth Management LLC

Modern Wealth Management LLC lowered its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 20.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 858,560 shares of the company’s stock after selling 225,006 shares during the quarter. iShares S&P 500 Growth ETF accounts for approximately 2.0% of Modern Wealth Management LLC’s portfolio, making the stock its 5th largest position. Modern Wealth Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $103,645,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Davis Capital Management bought a new position in iShares S&P 500 Growth ETF during the third quarter worth $28,000. Darwin Wealth Management LLC bought a new stake in iShares S&P 500 Growth ETF in the second quarter valued at $30,000. Howe & Rusling Inc. increased its stake in iShares S&P 500 Growth ETF by 484.1% in the third quarter. Howe & Rusling Inc. now owns 257 shares of the company’s stock valued at $31,000 after purchasing an additional 213 shares in the last quarter. Financial Consulate Inc. acquired a new position in shares of iShares S&P 500 Growth ETF during the third quarter valued at about $41,000. Finally, Optiver Holding B.V. acquired a new position in shares of iShares S&P 500 Growth ETF during the third quarter valued at about $46,000.

iShares S&P 500 Growth ETF Price Performance

IVW stock opened at $117.92 on Friday. The company’s 50-day moving average is $122.15 and its 200-day moving average is $121.23. The stock has a market capitalization of $63.30 billion, a PE ratio of 33.33 and a beta of 1.11. iShares S&P 500 Growth ETF has a 1 year low of $79.31 and a 1 year 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.