Focus Financial Network Inc. Has $17.15 Million Stock Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Focus Financial Network Inc. lowered its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 168,942 shares of the company’s stock after selling 501 shares during the quarter. iShares S&P 500 Growth ETF comprises about 0.7% of Focus Financial Network Inc.’s investment portfolio, making the stock its 28th largest position. Focus Financial Network Inc.’s holdings in iShares S&P 500 Growth ETF were worth $17,153,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. River Street Advisors LLC grew its holdings in iShares S&P 500 Growth ETF by 17.5% during the 3rd quarter. River Street Advisors LLC now owns 9,981 shares of the company’s stock worth $956,000 after acquiring an additional 1,483 shares during the period. Encompass Wealth Advisors LLC raised its holdings in shares of iShares S&P 500 Growth ETF by 2.0% in the fourth quarter. Encompass Wealth Advisors LLC now owns 367,564 shares of the company’s stock valued at $37,319,000 after purchasing an additional 7,349 shares during the last quarter. Perigon Wealth Management LLC lifted its position in iShares S&P 500 Growth ETF by 3.9% during the 4th quarter. Perigon Wealth Management LLC now owns 104,980 shares of the company’s stock worth $10,760,000 after buying an additional 3,942 shares in the last quarter. Citigroup Inc. boosted its position in iShares S&P 500 Growth ETF by 11.5% during the third quarter. Citigroup Inc. now owns 336,250 shares of the company’s stock valued at $32,196,000 after purchasing an additional 34,624 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its stake in shares of iShares S&P 500 Growth ETF by 9.2% in the fourth quarter. DAVENPORT & Co LLC now owns 12,782 shares of the company’s stock valued at $1,298,000 after buying an additional 1,075 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Up 0.8 %

NYSEARCA:IVW opened at $105.64 on Tuesday. The stock’s 50 day moving average price is $103.56 and its two-hundred day moving average price is $97.79. iShares S&P 500 Growth ETF has a 12-month low of $79.07 and a 12-month high of $107.14. The firm has a market capitalization of $55.34 billion, a price-to-earnings 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.