Phillips Financial Management LLC Sells 332 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Phillips Financial Management LLC lowered its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 7.8% in the 3rd quarter, Holdings Channel reports. The firm owned 3,910 shares of the company’s stock after selling 332 shares during the period. Phillips Financial Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $374,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. 1620 Investment Advisors Inc. bought a new position in iShares S&P 500 Growth ETF during the 2nd quarter valued at about $34,000. Financial Connections Group Inc. bought a new position in iShares S&P 500 Growth ETF during the second quarter valued at approximately $35,000. GPS Wealth Strategies Group LLC lifted its position in iShares S&P 500 Growth ETF by 91.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 417 shares of the company’s stock valued at $39,000 after purchasing an additional 199 shares during the period. Davis Capital Management boosted its holdings in iShares S&P 500 Growth ETF by 78.4% in the third quarter. Davis Capital Management now owns 412 shares of the company’s stock worth $39,000 after purchasing an additional 181 shares during the last quarter. Finally, Avondale Wealth Management raised its stake in iShares S&P 500 Growth ETF by 56.1% during the 2nd quarter. Avondale Wealth Management now owns 434 shares of the company’s stock valued at $40,000 after buying an additional 156 shares during the last quarter.

iShares S&P 500 Growth ETF Price Performance

NYSEARCA IVW opened at $98.33 on Monday. The stock has a market capitalization of $51.52 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 1-year low of $71.68 and a 1-year high of $101.55. The business’s fifty day moving average price is $96.26 and its 200-day moving average price is $92.42.

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.