Novare Capital Management LLC Sells 12,522 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Novare Capital Management LLC decreased its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 28.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,975 shares of the company’s stock after selling 12,522 shares during the quarter. Novare Capital Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $2,866,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. CarsonAllaria Wealth Management Ltd. raised its stake in iShares S&P 500 Growth ETF by 45.5% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 400 shares of the company’s stock worth $34,000 after buying an additional 125 shares during the period. 1620 Investment Advisors Inc. bought a new stake in iShares S&P 500 Growth ETF during the 2nd quarter valued at $34,000. Financial Connections Group Inc. acquired a new position in iShares S&P 500 Growth ETF during the second quarter worth $35,000. Northwest Financial Advisors acquired a new position in shares of iShares S&P 500 Growth ETF during the fourth quarter valued at about $38,000. Finally, GPS Wealth Strategies Group LLC raised its holdings in shares of iShares S&P 500 Growth ETF by 91.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 417 shares of the company’s stock worth $39,000 after acquiring an additional 199 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Performance

IVW traded down $1.84 during midday trading on Tuesday, reaching $91.42. 1,136,851 shares of the company were exchanged, compared to its average volume of 3,135,296. The company has a market cap of $47.89 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a one year low of $65.53 and a one year high of $97.22. The company’s fifty day moving average price is $92.19 and its 200 day moving average price is $87.52.

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.