Steward Partners Investment Advisory LLC Cuts Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Steward Partners Investment Advisory LLC reduced its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 10.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 499,278 shares of the company’s stock after selling 55,843 shares during the quarter. Steward Partners Investment Advisory LLC owned 0.10% of iShares S&P 500 Growth ETF worth $50,692,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IVW. The Manufacturers Life Insurance Company purchased a new position in shares of iShares S&P 500 Growth ETF in the 3rd quarter worth about $82,464,000. Arvest Bank Trust Division bought a new stake in shares of iShares S&P 500 Growth ETF in the 3rd quarter valued at about $56,971,000. Strategic Financial Concepts LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 10,066.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 425,892 shares of the company’s stock valued at $479,000 after acquiring an additional 421,703 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 29.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 1,412,222 shares of the company’s stock valued at $140,686,000 after acquiring an additional 324,178 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 1.7% in the 3rd quarter. LPL Financial LLC now owns 15,682,897 shares of the company’s stock valued at $1,501,637,000 after acquiring an additional 255,991 shares during the last quarter.

iShares S&P 500 Growth ETF Trading Down 2.5 %

NYSEARCA IVW opened at $98.60 on Tuesday. iShares S&P 500 Growth ETF has a 1-year low of $79.07 and a 1-year high of $107.14. The stock has a 50-day moving average of $103.73 and a 200-day moving average of $99.51. The firm has a market cap of $55.02 billion, a PE ratio of 33.87 and a beta of 1.07.

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.