Royal Fund Management LLC Sells 111,557 Shares of iShares S&P 500 Growth ETF $IVW

Royal Fund Management LLC lessened its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 76.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,121 shares of the company’s stock after selling 111,557 shares during the period. Royal Fund Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $4,996,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE grew its stake in iShares S&P 500 Growth ETF by 6.6% during the 1st quarter. Bank of America Corp DE now owns 19,779,268 shares of the company’s stock valued at $2,237,233,000 after acquiring an additional 1,229,382 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of iShares S&P 500 Growth ETF by 5.4% in the 1st quarter. Cetera Investment Advisers now owns 4,754,617 shares of the company’s stock valued at $537,795,000 after purchasing an additional 245,310 shares during the period. Lido Advisors LLC increased its holdings in shares of iShares S&P 500 Growth ETF by 2.3% in the 1st quarter. Lido Advisors LLC now owns 3,873,907 shares of the company’s stock valued at $438,178,000 after purchasing an additional 85,467 shares during the period. Royal Bank of Canada lifted its position in shares of iShares S&P 500 Growth ETF by 5.8% in the first quarter. Royal Bank of Canada now owns 3,539,621 shares of the company’s stock worth $400,576,000 after purchasing an additional 193,529 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of iShares S&P 500 Growth ETF by 9.6% in the first quarter. Janney Montgomery Scott LLC now owns 2,416,574 shares of the company’s stock worth $273,339,000 after purchasing an additional 211,952 shares in the last quarter.

iShares S&P 500 Growth ETF Price Performance

NYSEARCA IVW opened at $137.20 on Friday. The firm has a market capitalization of $75.90 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. The company has a 50 day simple moving average of $140.96 and a 200-day simple moving average of $136.64. iShares S&P 500 Growth ETF has a 52-week low of $108.13 and a 52-week high of $146.83.

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.