5,632 iShares S&P 500 Growth ETF $IVW Shares Sold by Avestar Capital LLC

Avestar Capital LLC lessened its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 8.5% during the third quarter, Holdings Channel.com reports. The firm owned 60,693 shares of the company’s stock after selling 5,632 shares during the period. Avestar Capital LLC’s holdings in iShares S&P 500 Growth ETF were worth $8,634,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fusion Capital LLC grew its holdings in iShares S&P 500 Growth ETF by 7.0% during the 3rd quarter. Fusion Capital LLC now owns 4,706 shares of the company’s stock valued at $669,000 after buying an additional 309 shares in the last quarter. LJI Wealth Management LLC boosted its stake in iShares S&P 500 Growth ETF by 3.6% during the 3rd quarter. LJI Wealth Management LLC now owns 2,788 shares of the company’s stock valued at $397,000 after purchasing an additional 97 shares during the last quarter. Modera Wealth Management LLC lifted its holdings in iShares S&P 500 Growth ETF by 1.0% in the third quarter. Modera Wealth Management LLC now owns 631,907 shares of the company’s stock valued at $89,895,000 after acquiring an additional 5,950 shares during the period. DWM Financial Group Inc. purchased a new position in shares of iShares S&P 500 Growth ETF during the 3rd quarter valued at about $215,000. Finally, Raleigh Capital Management Inc. boosted its stake in iShares S&P 500 Growth ETF by 3.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 18,941 shares of the company’s stock worth $2,694,000 after purchasing an additional 608 shares during the period.

iShares S&P 500 Growth ETF Trading Down 2.7%

IVW opened at $134.46 on Friday. The firm has a market cap of $74.30 billion, a P/E ratio of 33.33 and a beta of 1.17. The stock has a 50-day moving average of $140.66 and a 200 day moving average of $131.87. iShares S&P 500 Growth ETF has a 12 month low of $108.13 and a 12 month high of $146.83.

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.