Financial Advocates Investment Management Reduces Stock Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Financial Advocates Investment Management cut its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 169,325 shares of the company’s stock after selling 20,302 shares during the quarter. iShares S&P 500 Growth ETF comprises 1.0% of Financial Advocates Investment Management’s holdings, making the stock its 16th largest position. Financial Advocates Investment Management’s holdings in iShares S&P 500 Growth ETF were worth $17,188,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of IVW. Hantz Financial Services Inc. purchased a new stake in iShares S&P 500 Growth ETF during the 4th quarter worth approximately $40,000. Element Wealth LLC increased its position in shares of iShares S&P 500 Growth ETF by 31.1% in the 3rd quarter. Element Wealth LLC now owns 577 shares of the company’s stock valued at $55,000 after acquiring an additional 137 shares during the period. Valued Wealth Advisors LLC raised its stake in iShares S&P 500 Growth ETF by 160.2% in the 3rd quarter. Valued Wealth Advisors LLC now owns 601 shares of the company’s stock worth $58,000 after acquiring an additional 370 shares during the last quarter. Copley Financial Group Inc. acquired a new stake in iShares S&P 500 Growth ETF during the 3rd quarter worth about $64,000. Finally, ORG Wealth Partners LLC purchased a new stake in iShares S&P 500 Growth ETF during the 3rd quarter valued at about $66,000.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock opened at $104.89 on Thursday. iShares S&P 500 Growth ETF has a fifty-two week low of $79.07 and a fifty-two week high of $107.14. The firm has a market capitalization of $54.95 billion, a PE ratio of 28.52 and a beta of 1.14. The stock’s 50-day simple moving average is $103.27 and its 200-day simple moving average is $97.52.

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.