United Bank Decreases Stock Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

United Bank cut its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 2.1% during the 4th quarter, HoldingsChannel reports. The firm owned 46,122 shares of the company’s stock after selling 1,006 shares during the quarter. iShares S&P 500 Growth ETF accounts for about 2.0% of United Bank’s portfolio, making the stock its 15th largest position. United Bank’s holdings in iShares S&P 500 Growth ETF were worth $4,683,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of IVW. BNP Paribas Financial Markets increased its holdings 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 buying an additional 42,616 shares during the last quarter. Freedom Investment Management Inc. grew its position in iShares S&P 500 Growth ETF by 15.4% in the 3rd quarter. Freedom Investment Management Inc. now owns 5,663 shares of the company’s stock valued at $542,000 after buying an additional 756 shares in the last quarter. Fiduciary Trust Co raised its holdings in iShares S&P 500 Growth ETF by 3.6% during the third quarter. Fiduciary Trust Co now owns 8,665 shares of the company’s stock worth $830,000 after purchasing an additional 300 shares in the last quarter. Financial Counselors Inc. lifted its holdings in shares of iShares S&P 500 Growth ETF by 6.5% in the third quarter. Financial Counselors Inc. now owns 36,685 shares of the company’s stock valued at $3,513,000 after buying an additional 2,232 shares during the period. Finally, Flow Traders U.S. LLC boosted its position in shares of iShares S&P 500 Growth ETF by 831.4% during the 3rd quarter. Flow Traders U.S. LLC now owns 34,917 shares of the company’s stock valued at $3,343,000 after purchasing an additional 31,168 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Down 2.4 %

Shares of NYSEARCA IVW opened at $92.55 on Friday. iShares S&P 500 Growth ETF has a 12 month low of $79.07 and a 12 month high of $107.14. The company has a market cap of $50.94 billion, a price-to-earnings ratio of 30.22 and a beta of 1.08. The business has a fifty day simple moving average of $100.81 and a 200-day simple moving average of $99.86.

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.