Royal Fund Management LLC Has $9.79 Million Position in iShares S&P 500 Growth ETF $IVW

Royal Fund Management LLC lowered its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 50.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,079 shares of the company’s stock after selling 82,020 shares during the period. iShares S&P 500 Growth ETF comprises 1.2% of Royal Fund Management LLC’s holdings, making the stock its 17th largest position. Royal Fund Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $9,790,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of IVW. Davis Capital Management bought a new stake in shares of iShares S&P 500 Growth ETF during the third quarter worth $28,000. Darwin Wealth Management LLC acquired a new position in shares of iShares S&P 500 Growth ETF during the second quarter worth about $30,000. Financial Consulate Inc. acquired a new stake in iShares S&P 500 Growth ETF in the 3rd quarter valued at approximately $41,000. Morgan Dempsey Capital Management LLC acquired a new position in iShares S&P 500 Growth ETF during the 2nd quarter worth approximately $44,000. Finally, ST Germain D J Co. Inc. lifted its position in shares of iShares S&P 500 Growth ETF by 655.4% in the second quarter. ST Germain D J Co. Inc. now owns 423 shares of the company’s stock worth $47,000 after purchasing an additional 367 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA IVW opened at $123.93 on Monday. The stock has a 50 day moving average price of $123.04 and a 200 day moving average price of $119.28. iShares S&P 500 Growth ETF has a 52 week low of $79.31 and a 52 week high of $126.61. The stock has a market capitalization of $66.87 billion, a PE ratio of 33.33 and a beta of 1.11.

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.