Merit Financial Group LLC Sells 57,406 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Merit Financial Group LLC lowered its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 20.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 222,594 shares of the company’s stock after selling 57,406 shares during the quarter. Merit Financial Group LLC’s holdings in iShares S&P 500 Growth ETF were worth $20,663,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. TrinityPoint Wealth LLC increased its position in shares of iShares S&P 500 Growth ETF by 1.5% during the fourth quarter. TrinityPoint Wealth LLC now owns 7,051 shares of the company’s stock valued at $716,000 after acquiring an additional 103 shares during the last quarter. HTLF Bank increased its position in shares of iShares S&P 500 Growth ETF by 2.0% during the fourth quarter. HTLF Bank now owns 5,252 shares of the company’s stock valued at $533,000 after acquiring an additional 104 shares during the last quarter. Freedom Day Solutions LLC increased its position in shares of iShares S&P 500 Growth ETF by 3.5% during the fourth quarter. Freedom Day Solutions LLC now owns 3,273 shares of the company’s stock valued at $332,000 after acquiring an additional 110 shares during the last quarter. Onyx Bridge Wealth Group LLC increased its position in shares of iShares S&P 500 Growth ETF by 3.6% during the fourth quarter. Onyx Bridge Wealth Group LLC now owns 3,241 shares of the company’s stock valued at $329,000 after acquiring an additional 112 shares during the last quarter. Finally, Evergreen Private Wealth LLC increased its position in shares of iShares S&P 500 Growth ETF by 1.6% during the fourth quarter. Evergreen Private Wealth LLC now owns 7,579 shares of the company’s stock valued at $770,000 after acquiring an additional 118 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock opened at $104.39 on Tuesday. The stock has a market capitalization of $56.30 billion, a P/E ratio of 29.66 and a beta of 1.12. The company has a 50 day moving average price of $95.22 and a 200 day moving average price of $99.44. iShares S&P 500 Growth ETF has a fifty-two week low of $79.31 and a fifty-two week high of $107.14.

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.