Balboa Wealth Partners Trims Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Balboa Wealth Partners trimmed its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 3.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,806 shares of the company’s stock after selling 587 shares during the period. Balboa Wealth Partners’ holdings in iShares S&P 500 Growth ETF were worth $1,418,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of IVW. 1620 Investment Advisors Inc. acquired a new stake in shares of iShares S&P 500 Growth ETF in the second quarter valued at approximately $34,000. Financial Connections Group Inc. acquired a new position in iShares S&P 500 Growth ETF in the second quarter valued at $35,000. Davis Capital Management raised its holdings in shares of iShares S&P 500 Growth ETF by 78.4% in the third quarter. Davis Capital Management now owns 412 shares of the company’s stock valued at $39,000 after buying an additional 181 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its stake in shares of iShares S&P 500 Growth ETF by 91.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 417 shares of the company’s stock worth $39,000 after buying an additional 199 shares during the period. Finally, Avondale Wealth Management boosted its stake in shares of iShares S&P 500 Growth ETF by 56.1% during the second quarter. Avondale Wealth Management now owns 434 shares of the company’s stock worth $40,000 after buying an additional 156 shares during the period.

iShares S&P 500 Growth ETF Stock Down 0.6 %

Shares of NYSEARCA:IVW opened at $100.39 on Friday. The company has a market cap of $52.59 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a fifty-two week low of $71.68 and a fifty-two week high of $101.55. The firm’s 50-day simple moving average is $95.86 and its 200-day simple moving average is $92.09.

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.