HM Payson & Co. Cuts Stock Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

HM Payson & Co. reduced its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 0.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 21,296 shares of the company’s stock after selling 130 shares during the period. HM Payson & Co.’s holdings in iShares S&P 500 Growth ETF were worth $1,798,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in IVW. Watershed Private Wealth LLC lifted its stake in iShares S&P 500 Growth ETF by 3.6% during the fourth quarter. Watershed Private Wealth LLC now owns 52,774 shares of the company’s stock worth $3,963,000 after purchasing an additional 1,820 shares in the last quarter. Financial Perspectives Inc raised its stake in shares of iShares S&P 500 Growth ETF by 2.5% in the fourth quarter. Financial Perspectives Inc now owns 90,929 shares of the company’s stock valued at $6,829,000 after acquiring an additional 2,209 shares in the last quarter. Spire Wealth Management raised its stake in shares of iShares S&P 500 Growth ETF by 8.2% in the fourth quarter. Spire Wealth Management now owns 201,322 shares of the company’s stock valued at $15,623,000 after acquiring an additional 15,270 shares in the last quarter. Paradigm Strategies in Wealth Management LLC acquired a new stake in shares of iShares S&P 500 Growth ETF in the fourth quarter valued at $205,000. Finally, Gimbal Financial acquired a new stake in shares of iShares S&P 500 Growth ETF in the fourth quarter valued at $12,588,000.

iShares S&P 500 Growth ETF Price Performance

Shares of NYSEARCA IVW traded down $1.92 during mid-day trading on Friday, hitting $87.65. The company had a trading volume of 5,776,274 shares, compared to its average volume of 3,273,282. The company has a market capitalization of $45.92 billion, a PE ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 1-year low of $65.53 and a 1-year high of $97.22. The business’s 50-day simple moving average is $91.74 and its 200 day simple moving average is $85.74.

iShares S&P 500 Growth ETF Company 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.