iShares S&P 500 Growth ETF $IVW Position Lessened by Parallel Advisors LLC

Parallel Advisors LLC lowered its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 18.8% in the first quarter, HoldingsChannel reports. The firm owned 74,028 shares of the company’s stock after selling 17,152 shares during the quarter. Parallel Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $8,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Strive Financial Group LLC acquired a new stake in iShares S&P 500 Growth ETF in the fourth quarter worth $26,000. Decker Retirement Planning Inc. acquired a new position in shares of iShares S&P 500 Growth ETF during the fourth quarter valued at $28,000. Financial Network Wealth Advisors LLC grew its position in shares of iShares S&P 500 Growth ETF by 174.4% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after acquiring an additional 143 shares during the last quarter. Turning Point Benefit Group Inc. bought a new position in shares of iShares S&P 500 Growth ETF during the third quarter worth about $28,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of iShares S&P 500 Growth ETF in the 2nd quarter worth about $30,000.

iShares S&P 500 Growth ETF Stock Down 0.2%

Shares of NYSEARCA:IVW opened at $141.24 on Thursday. The company’s 50-day moving average price is $136.25 and its 200 day moving average price is $128.07. The company has a market cap of $77.11 billion, a PE ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a fifty-two week low of $108.13 and a fifty-two week high of $143.26.

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.