Cranbrook Wealth Management LLC Sells 371 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Cranbrook Wealth Management LLC trimmed its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 0.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,171 shares of the company’s stock after selling 371 shares during the period. iShares S&P 500 Growth ETF makes up approximately 1.4% of Cranbrook Wealth Management LLC’s investment portfolio, making the stock its 20th largest holding. Cranbrook Wealth Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $5,846,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of IVW. Annex Advisory Services LLC lifted its stake in iShares S&P 500 Growth ETF by 2.7% in the 2nd quarter. Annex Advisory Services LLC now owns 4,165 shares of the company’s stock valued at $385,000 after acquiring an additional 110 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of iShares S&P 500 Growth ETF by 10.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,320 shares of the company’s stock worth $122,000 after purchasing an additional 120 shares in the last quarter. Texas Capital Bancshares Inc TX boosted its holdings in iShares S&P 500 Growth ETF by 4.1% during the first quarter. Texas Capital Bancshares Inc TX now owns 3,102 shares of the company’s stock worth $262,000 after purchasing an additional 122 shares during the last quarter. Processus Wealth & Capital Management LLC boosted its holdings in iShares S&P 500 Growth ETF by 1.0% during the second quarter. Processus Wealth & Capital Management LLC now owns 12,423 shares of the company’s stock worth $1,150,000 after purchasing an additional 122 shares during the last quarter. Finally, Diversified LLC grew its position in iShares S&P 500 Growth ETF by 4.3% in the second quarter. Diversified LLC now owns 3,013 shares of the company’s stock valued at $279,000 after purchasing an additional 123 shares in the last quarter.

iShares S&P 500 Growth ETF Trading Down 0.3 %

Shares of IVW stock opened at $93.11 on Tuesday. The firm’s fifty day moving average price is $91.58 and its two-hundred day moving average price is $88.17. iShares S&P 500 Growth ETF has a 1 year low of $65.53 and a 1 year high of $97.22. The firm has a market capitalization of $48.78 billion, a P/E ratio of 28.52 and a beta of 1.14.

About iShares S&P 500 Growth ETF

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.