iShares S&P 500 Growth ETF $IVW Shares Sold by Financial Management Network Inc.

Financial Management Network Inc. lessened its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,836 shares of the company’s stock after selling 3,764 shares during the quarter. iShares S&P 500 Growth ETF makes up approximately 1.2% of Financial Management Network Inc.’s holdings, making the stock its 20th largest holding. Financial Management Network Inc.’s holdings in iShares S&P 500 Growth ETF were worth $7,787,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in IVW. Morgan Stanley boosted its position in iShares S&P 500 Growth ETF by 0.6% during the fourth quarter. Morgan Stanley now owns 33,646,152 shares of the company’s stock worth $4,147,225,000 after acquiring an additional 186,391 shares during the last quarter. LPL Financial LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 1.8% during the 4th quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock worth $2,442,579,000 after purchasing an additional 357,495 shares during the period. Wells Fargo & Company MN lifted its stake in shares of iShares S&P 500 Growth ETF by 0.5% during the 4th quarter. Wells Fargo & Company MN now owns 15,021,156 shares of the company’s stock worth $1,851,508,000 after purchasing an additional 80,216 shares during the period. UBS Group AG boosted its holdings in shares of iShares S&P 500 Growth ETF by 0.9% during the third quarter. UBS Group AG now owns 8,911,282 shares of the company’s stock worth $1,075,770,000 after purchasing an additional 76,602 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of iShares S&P 500 Growth ETF by 3.4% in the fourth quarter. Cetera Investment Advisers now owns 4,509,307 shares of the company’s stock valued at $555,817,000 after purchasing an additional 146,739 shares during the period.

iShares S&P 500 Growth ETF Trading Down 0.8%

Shares of NYSEARCA:IVW opened at $136.89 on Tuesday. The stock’s 50-day moving average price is $133.90 and its two-hundred day moving average price is $125.40. iShares S&P 500 Growth ETF has a 12-month low of $104.21 and a 12-month high of $141.98. The firm has a market cap of $74.19 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.