USA Financial Formulas lowered its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) by 56.4% in the second quarter, HoldingsChannel reports. The fund owned 573,100 shares of the company’s stock after selling 742,707 shares during the period. iShares S&P 500 Growth ETF makes up 10.8% of USA Financial Formulas’ portfolio, making the stock its 5th largest position. USA Financial Formulas’ holdings in iShares S&P 500 Growth ETF were worth $63,098,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Flaharty Asset Management LLC acquired a new stake in shares of iShares S&P 500 Growth ETF in the 1st quarter valued at approximately $26,000. Elite Financial Inc. acquired a new stake in shares of iShares S&P 500 Growth ETF in the 1st quarter valued at approximately $26,000. Mechanics Financial Corp acquired a new stake in shares of iShares S&P 500 Growth ETF in the 1st quarter valued at approximately $27,000. Ryan Investment Management Inc. acquired a new stake in shares of iShares S&P 500 Growth ETF in the 2nd quarter valued at approximately $36,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of iShares S&P 500 Growth ETF in the 1st quarter valued at approximately $32,000.
iShares S&P 500 Growth ETF Trading Up 0.4%
NYSEARCA IVW opened at $121.23 on Thursday. The company has a market cap of $66.43 billion, a PE ratio of 33.33 and a beta of 1.05. iShares S&P 500 Growth ETF has a 12 month low of $79.31 and a 12 month high of $121.77. The stock has a 50 day moving average of $116.38 and a 200-day moving average of $105.92.
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.
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Want to see what other hedge funds are holding IVW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report).
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