Summit Asset Management LLC decreased its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) by 10.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,697 shares of the company’s stock after selling 570 shares during the quarter. Summit Asset Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $477,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in IVW. Hantz Financial Services Inc. bought a new stake in iShares S&P 500 Growth ETF during the 4th quarter valued at approximately $40,000. Compass Financial Services Inc bought a new stake in shares of iShares S&P 500 Growth ETF in the 4th quarter worth approximately $40,000. POM Investment Strategies LLC lifted its position in shares of iShares S&P 500 Growth ETF by 194.8% in the 4th quarter. POM Investment Strategies LLC now owns 457 shares of the company’s stock worth $46,000 after acquiring an additional 302 shares during the period. Valued Wealth Advisors LLC lifted its position in shares of 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 period. Finally, Copley Financial Group Inc. bought a new stake in shares of iShares S&P 500 Growth ETF in the 3rd quarter worth approximately $64,000.
iShares S&P 500 Growth ETF Trading Down 2.4 %
Shares of IVW stock opened at $103.43 on Friday. The stock has a 50 day moving average of $104.04 and a two-hundred day moving average of $98.94. iShares S&P 500 Growth ETF has a 12 month low of $79.07 and a 12 month high of $107.14. The company has a market capitalization of $57.71 billion, a P/E ratio of 33.87 and a beta of 1.07.
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.
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Want to see what other hedge funds are holding IVW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report).
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