Parallel Advisors LLC Reduces Stake in iShares S&P 500 Growth ETF $IVW

Parallel Advisors LLC reduced its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 80.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 94,353 shares of the company’s stock after selling 381,744 shares during the period. Parallel Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $11,390,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Obsidian Personal Planning Solutions LLC bought a new stake in shares of iShares S&P 500 Growth ETF in the 3rd quarter valued at approximately $209,000. Natixis Advisors LLC boosted its holdings in shares of iShares S&P 500 Growth ETF by 1.8% in the 3rd quarter. Natixis Advisors LLC now owns 253,099 shares of the company’s stock worth $30,554,000 after purchasing an additional 4,495 shares during the period. Blair William & Co. IL increased its position in shares of iShares S&P 500 Growth ETF by 0.7% during the 3rd quarter. Blair William & Co. IL now owns 142,120 shares of the company’s stock valued at $17,157,000 after purchasing an additional 951 shares during the last quarter. Baltimore Washington Financial Advisors Inc. purchased a new stake in iShares S&P 500 Growth ETF during the 3rd quarter valued at $275,000. Finally, Legacy Capital Group California Inc. raised its holdings in iShares S&P 500 Growth ETF by 78.9% during the 3rd quarter. Legacy Capital Group California Inc. now owns 5,904 shares of the company’s stock valued at $713,000 after buying an additional 2,603 shares during the period.

iShares S&P 500 Growth ETF Stock Down 1.6%

Shares of IVW opened at $117.92 on Friday. The business has a fifty day moving average of $122.15 and a 200 day moving average of $121.28. The company has a market cap of $63.30 billion, a PE ratio of 33.33 and a beta of 1.11. iShares S&P 500 Growth ETF has a 52-week low of $79.31 and a 52-week high of $126.61.

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.