iShares S&P 500 Growth ETF (NYSEARCA:IVW) Position Reduced by ProVise Management Group LLC

ProVise Management Group LLC decreased its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 8.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,686 shares of the company’s stock after selling 730 shares during the quarter. ProVise Management Group LLC’s holdings in iShares S&P 500 Growth ETF were worth $780,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IVW. BankPlus Trust Department bought a new stake in iShares S&P 500 Growth ETF during the fourth quarter worth approximately $36,000. Hantz Financial Services Inc. bought a new stake in iShares S&P 500 Growth ETF during the fourth quarter worth approximately $40,000. Compass Financial Services Inc bought a new stake in iShares S&P 500 Growth ETF during the fourth quarter worth approximately $40,000. Bellevue Asset Management LLC bought a new stake in iShares S&P 500 Growth ETF during the fourth quarter worth approximately $42,000. Finally, POM Investment Strategies LLC raised its holdings in iShares S&P 500 Growth ETF by 194.8% during the fourth quarter. POM Investment Strategies LLC now owns 457 shares of the company’s stock worth $46,000 after purchasing an additional 302 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA IVW opened at $94.80 on Thursday. The stock has a market capitalization of $52.35 billion, a P/E ratio of 30.05 and a beta of 1.08. iShares S&P 500 Growth ETF has a 1 year low of $79.07 and a 1 year high of $107.14. The business’s fifty day moving average is $101.75 and its two-hundred day moving average is $99.61.

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.