Traynor Capital Management Inc. Has $11.29 Million Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Traynor Capital Management Inc. lessened its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 111,168 shares of the company’s stock after selling 9,958 shares during the quarter. iShares S&P 500 Growth ETF accounts for approximately 0.8% of Traynor Capital Management Inc.’s holdings, making the stock its 24th largest holding. Traynor Capital Management Inc.’s holdings in iShares S&P 500 Growth ETF were worth $11,287,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. River Street Advisors LLC raised its position in iShares S&P 500 Growth ETF by 17.5% in the 3rd quarter. River Street Advisors LLC now owns 9,981 shares of the company’s stock valued at $956,000 after buying an additional 1,483 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of iShares S&P 500 Growth ETF by 87.6% in the second quarter. NewEdge Advisors LLC now owns 1,485,754 shares of the company’s stock valued at $137,492,000 after purchasing an additional 693,848 shares during the last quarter. Citigroup Inc. lifted its position in shares of iShares S&P 500 Growth ETF by 11.5% in the third quarter. Citigroup Inc. now owns 336,250 shares of the company’s stock worth $32,196,000 after purchasing an additional 34,624 shares in the last quarter. Insigneo Advisory Services LLC acquired a new position in iShares S&P 500 Growth ETF during the second quarter worth $329,000. Finally, Tompkins Financial Corp boosted its holdings in iShares S&P 500 Growth ETF by 31.0% during the fourth quarter. Tompkins Financial Corp now owns 12,404 shares of the company’s stock worth $1,259,000 after purchasing an additional 2,936 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA IVW opened at $106.14 on Thursday. The stock has a market capitalization of $55.61 billion, a PE ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 52 week low of $77.20 and a 52 week high of $106.50. The stock has a 50 day moving average price of $102.29 and a 200 day moving average price of $96.85.

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.