MV Capital Management Inc. Lowers Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

MV Capital Management Inc. lessened its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVWFree Report) by 1.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 342,386 shares of the company’s stock after selling 5,019 shares during the quarter. iShares S&P 500 Growth ETF accounts for 3.7% of MV Capital Management Inc.’s holdings, making the stock its 5th largest holding. MV Capital Management Inc.’s holdings in iShares S&P 500 Growth ETF were worth $34,762,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IVW. Mountain Hill Investment Partners Corp. purchased a new stake in shares of iShares S&P 500 Growth ETF during the fourth quarter worth $28,000. BankPlus Trust Department bought a new stake in shares of iShares S&P 500 Growth ETF during the 4th quarter valued at $36,000. Hantz Financial Services Inc. purchased a new stake in iShares S&P 500 Growth ETF during the 4th quarter worth about $40,000. Compass Financial Services Inc purchased a new stake in iShares S&P 500 Growth ETF during the 4th quarter worth about $40,000. Finally, Bellevue Asset Management LLC bought a new position in iShares S&P 500 Growth ETF in the 4th quarter worth about $42,000.

iShares S&P 500 Growth ETF Stock Down 2.4 %

Shares of IVW opened at $92.55 on Friday. iShares S&P 500 Growth ETF has a twelve month low of $79.07 and a twelve month high of $107.14. The stock has a market cap of $50.94 billion, a PE ratio of 30.22 and a beta of 1.08. The business’s 50-day moving average price is $100.81 and its 200-day moving average price is $99.80.

About iShares S&P 500 Growth ETF

(Free Report)

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.

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Institutional Ownership by Quarter for iShares S&P 500 Growth ETF (NYSEARCA:IVW)

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