HighTower Advisors LLC Lowers Position in iShares S&P 500 Growth ETF $IVW

HighTower Advisors LLC cut its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,021,788 shares of the company’s stock after selling 28,917 shares during the quarter. HighTower Advisors LLC owned about 0.37% of iShares S&P 500 Growth ETF worth $278,056,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC raised its holdings in iShares S&P 500 Growth ETF by 121.8% in the second quarter. Ameritas Advisory Services LLC now owns 170,648 shares of the company’s stock worth $23,469,000 after purchasing an additional 93,710 shares in the last quarter. Straight Path Wealth Management bought a new stake in shares of iShares S&P 500 Growth ETF during the 2nd quarter valued at $286,000. Kintra Wealth LLC bought a new stake in shares of iShares S&P 500 Growth ETF during the 2nd quarter valued at $290,000. Morling Financial Advisors LLC boosted its holdings in shares of iShares S&P 500 Growth ETF by 344.0% during the 2nd quarter. Morling Financial Advisors LLC now owns 1,039 shares of the company’s stock valued at $143,000 after buying an additional 805 shares in the last quarter. Finally, Endeavor Private Wealth Inc. grew its position in shares of iShares S&P 500 Growth ETF by 0.3% in the 2nd quarter. Endeavor Private Wealth Inc. now owns 80,728 shares of the company’s stock worth $11,103,000 after buying an additional 224 shares during the period.

iShares S&P 500 Growth ETF Price Performance

Shares of iShares S&P 500 Growth ETF stock opened at $140.55 on Monday. The company has a 50-day moving average of $137.80 and a 200 day moving average of $130.83. The firm has a market cap of $76.73 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a 1 year low of $108.13 and a 1 year high of $143.26.

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. 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.