Turtle Creek Wealth Advisors LLC Cuts Stake in iShares S&P 500 Growth ETF $IVW

Turtle Creek Wealth Advisors LLC lowered its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 54.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 53,025 shares of the company’s stock after selling 63,729 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $5,998,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in IVW. Morgan Stanley boosted its stake in iShares S&P 500 Growth ETF by 0.6% in the fourth quarter. Morgan Stanley now owns 33,646,152 shares of the company’s stock valued at $4,147,225,000 after acquiring an additional 186,391 shares during the last quarter. LPL Financial LLC increased its stake in shares of iShares S&P 500 Growth ETF by 1.8% during the 4th quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock worth $2,442,579,000 after purchasing an additional 357,495 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of iShares S&P 500 Growth ETF by 0.5% during the 4th quarter. Wells Fargo & Company MN now owns 15,021,156 shares of the company’s stock worth $1,851,508,000 after purchasing an additional 80,216 shares during the last quarter. UBS Group AG increased its stake in shares of iShares S&P 500 Growth ETF by 0.9% during the 3rd quarter. UBS Group AG now owns 8,911,282 shares of the company’s stock worth $1,075,770,000 after purchasing an additional 76,602 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of iShares S&P 500 Growth ETF by 3.4% in the 4th quarter. Cetera Investment Advisers now owns 4,509,307 shares of the company’s stock worth $555,817,000 after purchasing an additional 146,739 shares during the period.

iShares S&P 500 Growth ETF Trading Down 1.1%

iShares S&P 500 Growth ETF stock opened at $135.41 on Friday. iShares S&P 500 Growth ETF has a 12 month low of $108.13 and a 12 month high of $141.98. The business’s 50 day simple moving average is $135.40 and its 200 day simple moving average is $126.01. The company has a market cap of $73.73 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17.

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.