Pettinga Financial Advisors LLC Has $35.07 Million Position in iShares S&P 500 Growth ETF $IVW

Pettinga Financial Advisors LLC decreased its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 2.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 254,988 shares of the company’s stock after selling 7,220 shares during the period. iShares S&P 500 Growth ETF comprises 5.6% of Pettinga Financial Advisors LLC’s holdings, making the stock its 3rd largest position. Pettinga Financial Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $35,068,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in IVW. Strive Financial Group LLC acquired a new position in shares of iShares S&P 500 Growth ETF during the 4th quarter worth about $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at approximately $28,000. Financial Network Wealth Advisors LLC raised its position in shares of iShares S&P 500 Growth ETF by 174.4% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after acquiring an additional 143 shares during the period. Turning Point Benefit Group Inc. bought a new position in iShares S&P 500 Growth ETF during the 3rd quarter worth approximately $28,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in iShares S&P 500 Growth ETF by 1,071.4% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 246 shares of the company’s stock worth $34,000 after acquiring an additional 225 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA IVW opened at $142.10 on Monday. The stock has a market cap of $77.58 billion, a P/E ratio of 33.33 and a beta of 1.17. The firm has a 50 day moving average price of $136.32 and a 200 day moving average price of $128.32. iShares S&P 500 Growth ETF has a 52-week low of $108.13 and a 52-week high of $143.26.

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. 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.