Exchange Capital Management Inc. Sells 165 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Exchange Capital Management Inc. reduced its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 6.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,507 shares of the company’s stock after selling 165 shares during the quarter. Exchange Capital Management Inc.’s holdings in iShares S&P 500 Growth ETF were worth $255,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. BankPlus Trust Department acquired a new position in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at approximately $36,000. Hantz Financial Services Inc. bought a new position in shares of iShares S&P 500 Growth ETF during the 4th quarter worth approximately $40,000. Compass Financial Services Inc bought a new position in shares of iShares S&P 500 Growth ETF during the 4th quarter worth approximately $40,000. POM Investment Strategies LLC grew its stake in shares of iShares S&P 500 Growth ETF by 194.8% during the 4th quarter. POM Investment Strategies LLC now owns 457 shares of the company’s stock worth $46,000 after acquiring an additional 302 shares in the last quarter. Finally, Valued Wealth Advisors LLC grew its stake in shares of iShares S&P 500 Growth ETF by 160.2% during the 3rd quarter. Valued Wealth Advisors LLC now owns 601 shares of the company’s stock worth $58,000 after acquiring an additional 370 shares in the last quarter.

iShares S&P 500 Growth ETF Trading Down 1.1 %

NYSEARCA IVW opened at $101.28 on Wednesday. The company has a market cap of $56.51 billion, a PE ratio of 33.87 and a beta of 1.07. iShares S&P 500 Growth ETF has a 12 month low of $79.07 and a 12 month high of $107.14. The stock has a 50 day moving average of $103.90 and a 200-day moving average of $99.24.

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.