GDS Wealth Management Sells 295 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

GDS Wealth Management cut its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,796 shares of the company’s stock after selling 295 shares during the period. GDS Wealth Management’s holdings in iShares S&P 500 Growth ETF were worth $510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IVW. JPMorgan Chase & Co. lifted its holdings in shares of iShares S&P 500 Growth ETF by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 43,367,674 shares of the company’s stock valued at $2,967,216,000 after purchasing an additional 229,932 shares during the last quarter. Morgan Stanley lifted its stake in shares of iShares S&P 500 Growth ETF by 5.5% during the third quarter. Morgan Stanley now owns 29,378,514 shares of the company’s stock worth $2,010,078,000 after buying an additional 1,542,503 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of iShares S&P 500 Growth ETF by 54.8% during the third quarter. Envestnet Asset Management Inc. now owns 21,690,571 shares of the company’s stock worth $1,484,069,000 after buying an additional 7,681,845 shares during the period. Jones Financial Companies Lllp increased its position in shares of iShares S&P 500 Growth ETF by 0.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 17,974,485 shares of the company’s stock valued at $1,229,814,000 after acquiring an additional 138,408 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of iShares S&P 500 Growth ETF by 8.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 9,048,951 shares of the company’s stock valued at $619,206,000 after acquiring an additional 682,586 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA IVW traded up $0.26 during mid-day trading on Thursday, hitting $84.69. The stock had a trading volume of 1,280,114 shares, compared to its average volume of 3,418,485. The company has a 50 day moving average of $83.23 and a two-hundred day moving average of $77.82. iShares S&P 500 Growth ETF has a twelve month low of $64.24 and a twelve month high of $85.56. The firm has a market cap of $44.23 billion, a PE ratio of 27.41 and a beta of 1.12.

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.