Rainey & Randall Investment Management Inc. Lowers Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Rainey & Randall Investment Management Inc. decreased its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,288 shares of the company’s stock after selling 356 shares during the quarter. Rainey & Randall Investment Management Inc.’s holdings in iShares S&P 500 Growth ETF were worth $247,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Western Wealth Management LLC lifted its stake in iShares S&P 500 Growth ETF by 2.8% in the 3rd quarter. Western Wealth Management LLC now owns 229,483 shares of the company’s stock valued at $15,701,000 after buying an additional 6,320 shares in the last quarter. TrueWealth Advisors LLC purchased a new stake in iShares S&P 500 Growth ETF in the 3rd quarter valued at approximately $204,000. Dfpg Investments LLC lifted its stake in iShares S&P 500 Growth ETF by 15.0% in the 4th quarter. Dfpg Investments LLC now owns 17,478 shares of the company’s stock valued at $1,281,000 after buying an additional 2,277 shares in the last quarter. Northern Trust Corp lifted its stake in iShares S&P 500 Growth ETF by 1.4% in the 3rd quarter. Northern Trust Corp now owns 586,956 shares of the company’s stock valued at $40,160,000 after buying an additional 8,195 shares in the last quarter. Finally, Riverwater Partners LLC purchased a new stake in iShares S&P 500 Growth ETF in the 3rd quarter valued at approximately $225,000.

iShares S&P 500 Growth ETF Price Performance

IVW traded down $1.81 during trading on Friday, hitting $79.31. The company’s stock had a trading volume of 3,724,991 shares, compared to its average volume of 3,702,420. The firm’s 50 day moving average price is $83.02 and its 200-day moving average price is $76.71. The stock has a market cap of $41.62 billion, a PE ratio of 28.34 and a beta of 1.10. iShares S&P 500 Growth ETF has a twelve month low of $63.10 and a twelve month high of $85.56.

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.