Kwmg LLC Cuts Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Kwmg LLC lessened its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 248,760 shares of the company’s stock after selling 10,709 shares during the period. iShares S&P 500 Growth ETF accounts for approximately 2.6% of Kwmg LLC’s holdings, making the stock its 9th biggest position. Kwmg LLC’s holdings in iShares S&P 500 Growth ETF were worth $25,257,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Davis Capital Management boosted its holdings in 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 worth $39,000 after acquiring an additional 181 shares in the last quarter. Element Wealth LLC raised its position in shares of iShares S&P 500 Growth ETF by 31.1% in the 3rd quarter. Element Wealth LLC now owns 577 shares of the company’s stock worth $55,000 after purchasing an additional 137 shares during the last quarter. Valued Wealth Advisors LLC boosted its stake in iShares S&P 500 Growth ETF by 160.2% in the 3rd quarter. Valued Wealth Advisors LLC now owns 601 shares of the company’s stock worth $58,000 after purchasing an additional 370 shares in the last quarter. Copley Financial Group Inc. bought a new stake in iShares S&P 500 Growth ETF during the 3rd quarter valued at about $64,000. Finally, ORG Wealth Partners LLC purchased a new position in iShares S&P 500 Growth ETF in the third quarter worth about $66,000.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW traded down $0.33 on Monday, hitting $100.75. 1,747,438 shares of the stock traded hands, compared to its average volume of 2,001,066. The business has a 50 day simple moving average of $101.81 and a 200 day simple moving average of $96.42. iShares S&P 500 Growth ETF has a one year low of $74.61 and a one year high of $105.64. The company has a market capitalization of $52.78 billion, a PE ratio of 28.52 and a beta of 1.14.

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.