Physician Wealth Advisors Inc. Sells 5,462 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Physician Wealth Advisors Inc. cut its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 214,120 shares of the company’s stock after selling 5,462 shares during the period. iShares S&P 500 Growth ETF comprises approximately 3.7% of Physician Wealth Advisors Inc.’s holdings, making the stock its 3rd largest holding. Physician Wealth Advisors Inc.’s holdings in iShares S&P 500 Growth ETF were worth $21,740,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in iShares S&P 500 Growth ETF in the fourth quarter worth $456,880,000. Wealthfront Advisers LLC bought a new position in iShares S&P 500 Growth ETF in the 4th quarter valued at $350,009,000. LPL Financial LLC increased its position in iShares S&P 500 Growth ETF by 14.4% in the fourth quarter. LPL Financial LLC now owns 17,940,390 shares of the company’s stock worth $1,821,488,000 after purchasing an additional 2,257,493 shares during the period. JPMorgan Chase & Co. raised its holdings in iShares S&P 500 Growth ETF by 1.7% during the 4th quarter. JPMorgan Chase & Co. now owns 44,878,487 shares of the company’s stock worth $4,556,513,000 after purchasing an additional 764,970 shares during the last quarter. Finally, Arvest Bank Trust Division acquired a new position in iShares S&P 500 Growth ETF during the 3rd quarter valued at about $56,971,000.

iShares S&P 500 Growth ETF Trading Down 2.4 %

Shares of NYSEARCA IVW opened at $92.55 on Friday. The firm has a market capitalization of $50.94 billion, a PE ratio of 30.22 and a beta of 1.08. The firm’s 50-day moving average is $100.81 and its 200-day moving average is $99.86. iShares S&P 500 Growth ETF has a 1 year low of $79.07 and a 1 year high of $107.14.

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.