IFP Advisors Inc Trims Position in iShares S&P 500 Growth ETF $IVW

IFP Advisors Inc decreased its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 21.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 269,980 shares of the company’s stock after selling 73,175 shares during the quarter. iShares S&P 500 Growth ETF comprises about 0.7% of IFP Advisors Inc’s investment portfolio, making the stock its 21st biggest position. IFP Advisors Inc’s holdings in iShares S&P 500 Growth ETF were worth $37,130,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in IVW. Squarepoint Ops LLC purchased a new stake in iShares S&P 500 Growth ETF in the 2nd quarter valued at about $1,564,000. XY Planning Network Inc. lifted its holdings in shares of iShares S&P 500 Growth ETF by 15.4% during the 2nd quarter. XY Planning Network Inc. now owns 35,035 shares of the company’s stock worth $4,818,000 after acquiring an additional 4,663 shares during the period. Paragon Capital Management Ltd acquired a new stake in shares of iShares S&P 500 Growth ETF in the second quarter worth approximately $201,000. Parkside Financial Bank & Trust boosted its position in shares of iShares S&P 500 Growth ETF by 1.5% in the second quarter. Parkside Financial Bank & Trust now owns 9,677 shares of the company’s stock worth $1,331,000 after acquiring an additional 142 shares during the last quarter. Finally, MLG Wealth Management DBA Pine Grove Financial Group grew its holdings in iShares S&P 500 Growth ETF by 0.5% in the second quarter. MLG Wealth Management DBA Pine Grove Financial Group now owns 205,261 shares of the company’s stock valued at $28,257,000 after purchasing an additional 1,004 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

iShares S&P 500 Growth ETF stock opened at $139.82 on Wednesday. iShares S&P 500 Growth ETF has a 1 year low of $108.13 and a 1 year high of $143.26. The firm has a 50 day moving average price of $137.95 and a 200 day moving average price of $131.12. The company has a market cap of $76.33 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17.

iShares S&P 500 Growth ETF 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.