Valmark Advisers Inc. Cuts Stock Position in iShares S&P 500 Growth ETF $IVW

Valmark Advisers Inc. decreased its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 0.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 593,468 shares of the company’s stock after selling 4,998 shares during the period. iShares S&P 500 Growth ETF accounts for about 0.8% of Valmark Advisers Inc.’s holdings, making the stock its 27th largest position. Valmark Advisers Inc.’s holdings in iShares S&P 500 Growth ETF were worth $67,127,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Brookstone Capital Management raised its stake in shares of iShares S&P 500 Growth ETF by 5.7% in the fourth quarter. Brookstone Capital Management now owns 237,167 shares of the company’s stock valued at $29,233,000 after acquiring an additional 12,778 shares in the last quarter. Capital Advantage Inc. boosted its holdings in iShares S&P 500 Growth ETF by 40.9% in the fourth quarter. Capital Advantage Inc. now owns 25,498 shares of the company’s stock valued at $3,143,000 after purchasing an additional 7,396 shares during the period. Lido Advisors LLC grew its stake in iShares S&P 500 Growth ETF by 6.5% during the 3rd quarter. Lido Advisors LLC now owns 3,639,449 shares of the company’s stock worth $439,354,000 after purchasing an additional 221,311 shares in the last quarter. Chatterton & Associates Inc. grew its stake in iShares S&P 500 Growth ETF by 33.5% during the 1st quarter. Chatterton & Associates Inc. now owns 44,180 shares of the company’s stock worth $5,306,000 after purchasing an additional 11,089 shares in the last quarter. Finally, Embree Financial Group increased its holdings in iShares S&P 500 Growth ETF by 61.2% during the 4th quarter. Embree Financial Group now owns 61,699 shares of the company’s stock worth $7,605,000 after purchasing an additional 23,416 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

IVW stock traded up $0.82 during mid-day trading on Friday, reaching $138.59. The company had a trading volume of 1,005,223 shares, compared to its average volume of 3,851,213. The company has a market capitalization of $75.46 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. The firm has a fifty day simple moving average of $136.32 and a 200 day simple moving average of $126.62. iShares S&P 500 Growth ETF has a fifty-two week low of $108.13 and a fifty-two week high of $141.98.

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.