Institute for Wealth Management LLC. Sells 584 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Institute for Wealth Management LLC. cut its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,510 shares of the company’s stock after selling 584 shares during the quarter. Institute for Wealth Management LLC.’s holdings in iShares S&P 500 Growth ETF were worth $2,692,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IVW. River Street Advisors LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 17.5% in the 3rd quarter. River Street Advisors LLC now owns 9,981 shares of the company’s stock valued at $956,000 after purchasing an additional 1,483 shares during the period. Citigroup Inc. raised its holdings in shares of iShares S&P 500 Growth ETF by 11.5% during the third quarter. Citigroup Inc. now owns 336,250 shares of the company’s stock valued at $32,196,000 after purchasing an additional 34,624 shares during the period. Tompkins Financial Corp raised its stake in iShares S&P 500 Growth ETF by 31.0% during the 4th quarter. Tompkins Financial Corp now owns 12,404 shares of the company’s stock worth $1,259,000 after buying an additional 2,936 shares during the period. Brookstone Capital Management boosted its holdings in iShares S&P 500 Growth ETF by 0.3% in the third quarter. Brookstone Capital Management now owns 228,446 shares of the company’s stock worth $21,874,000 after acquiring an additional 673 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in iShares S&P 500 Growth ETF by 35.6% in the third quarter. BNP Paribas Financial Markets now owns 162,318 shares of the company’s stock valued at $15,542,000 after acquiring an additional 42,616 shares during the period.

iShares S&P 500 Growth ETF Stock Up 0.9 %

Shares of NYSEARCA:IVW opened at $104.68 on Friday. The stock’s 50 day moving average is $102.93 and its 200-day moving average is $97.22. iShares S&P 500 Growth ETF has a twelve month low of $77.20 and a twelve month high of $107.14. The firm has a market capitalization of $54.84 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14.

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.