Phillips Financial Management LLC Lowers Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Phillips Financial Management LLC cut its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 7.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,910 shares of the company’s stock after selling 332 shares during the quarter. Phillips Financial Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $374,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of IVW. River Street Advisors LLC grew its holdings in iShares S&P 500 Growth ETF by 17.5% in the third quarter. River Street Advisors LLC now owns 9,981 shares of the company’s stock worth $956,000 after purchasing an additional 1,483 shares during the period. Foster Victor Wealth Advisors LLC bought a new position in iShares S&P 500 Growth ETF during the 2nd quarter valued at approximately $226,000. FineMark National Bank & Trust raised its stake in iShares S&P 500 Growth ETF by 4.8% during the second quarter. FineMark National Bank & Trust now owns 71,052 shares of the company’s stock valued at $6,575,000 after buying an additional 3,279 shares during the last quarter. Choreo LLC raised its stake in iShares S&P 500 Growth ETF by 13.8% during the second quarter. Choreo LLC now owns 506,741 shares of the company’s stock valued at $47,239,000 after buying an additional 61,420 shares during the last quarter. Finally, Adaptive Financial Consulting LLC boosted its holdings in iShares S&P 500 Growth ETF by 1.2% in the second quarter. Adaptive Financial Consulting LLC now owns 195,869 shares of the company’s stock worth $18,126,000 after acquiring an additional 2,383 shares in the last quarter.

iShares S&P 500 Growth ETF Price Performance

Shares of NYSEARCA:IVW opened at $98.33 on Monday. The business has a fifty day moving average price of $96.26 and a 200-day moving average price of $92.42. The company has a market capitalization of $51.52 billion, a PE ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 1-year low of $71.68 and a 1-year high of $101.55.

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.