KPP Advisory Services LLC Cuts Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

KPP Advisory Services LLC trimmed its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 12.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 42,285 shares of the company’s stock after selling 5,900 shares during the quarter. iShares S&P 500 Growth ETF comprises about 1.0% of KPP Advisory Services LLC’s holdings, making the stock its 27th biggest holding. KPP Advisory Services LLC’s holdings in iShares S&P 500 Growth ETF were worth $4,049,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IVW. 1620 Investment Advisors Inc. bought a new position in iShares S&P 500 Growth ETF during the 2nd quarter valued at about $34,000. Financial Connections Group Inc. bought a new position in iShares S&P 500 Growth ETF during the 2nd quarter valued at about $35,000. GPS Wealth Strategies Group LLC lifted its stake in iShares S&P 500 Growth ETF by 91.3% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 417 shares of the company’s stock valued at $39,000 after acquiring an additional 199 shares during the period. Davis Capital Management lifted its stake in iShares S&P 500 Growth ETF by 78.4% during the 3rd quarter. Davis Capital Management now owns 412 shares of the company’s stock valued at $39,000 after acquiring an additional 181 shares during the period. Finally, Avondale Wealth Management lifted its stake in iShares S&P 500 Growth ETF by 56.1% during the 2nd quarter. Avondale Wealth Management now owns 434 shares of the company’s stock valued at $40,000 after acquiring an additional 156 shares during the period.

iShares S&P 500 Growth ETF Stock Down 2.0 %

IVW traded down $2.01 during midday trading on Friday, hitting $98.33. 1,682,320 shares of the company traded hands, compared to its average volume of 2,908,146. The company’s 50-day moving average is $96.26 and its 200 day moving average is $92.26. iShares S&P 500 Growth ETF has a 52 week low of $71.68 and a 52 week high of $101.55. The firm has a market capitalization of $51.52 billion, a PE 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.