First Commonwealth Financial Corp PA Trims Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

First Commonwealth Financial Corp PA reduced its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,758 shares of the company’s stock after selling 936 shares during the period. iShares S&P 500 Growth ETF comprises 0.6% of First Commonwealth Financial Corp PA’s holdings, making the stock its 25th biggest position. First Commonwealth Financial Corp PA’s holdings in iShares S&P 500 Growth ETF were worth $2,514,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in iShares S&P 500 Growth ETF by 1.7% during the 4th quarter. JPMorgan Chase & Co. now owns 44,878,487 shares of the company’s stock worth $4,556,513,000 after purchasing an additional 764,970 shares during the period. LPL Financial LLC boosted its stake in shares of iShares S&P 500 Growth ETF by 14.4% in the fourth quarter. LPL Financial LLC now owns 17,940,390 shares of the company’s stock worth $1,821,488,000 after buying an additional 2,257,493 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of iShares S&P 500 Growth ETF by 6.4% in the fourth quarter. Wells Fargo & Company MN now owns 16,602,697 shares of the company’s stock worth $1,685,672,000 after buying an additional 999,882 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in iShares S&P 500 Growth ETF by 2.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,478,191 shares of the company’s stock worth $556,201,000 after acquiring an additional 148,960 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in iShares S&P 500 Growth ETF during the fourth quarter valued at approximately $456,880,000.

iShares S&P 500 Growth ETF Trading Down 2.9 %

iShares S&P 500 Growth ETF stock opened at $88.38 on Thursday. The firm has a market cap of $48.15 billion, a PE ratio of 28.32 and a beta of 1.12. iShares S&P 500 Growth ETF has a 12 month low of $79.07 and a 12 month high of $107.14. The stock’s 50 day simple moving average is $96.16 and its two-hundred day simple moving average is $99.27.

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.