Salomon & Ludwin LLC Lowers Position in iShares S&P 500 Growth ETF $IVW

Salomon & Ludwin LLC decreased its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 660,026 shares of the company’s stock after selling 27,821 shares during the period. iShares S&P 500 Growth ETF comprises 7.2% of Salomon & Ludwin LLC’s portfolio, making the stock its largest holding. Salomon & Ludwin LLC owned about 0.12% of iShares S&P 500 Growth ETF worth $72,444,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elite Financial Inc. purchased a new stake in iShares S&P 500 Growth ETF during the first quarter valued at approximately $26,000. Flaharty Asset Management LLC purchased a new stake in iShares S&P 500 Growth ETF during the first quarter valued at approximately $26,000. Mechanics Financial Corp purchased a new stake in iShares S&P 500 Growth ETF during the first quarter valued at approximately $27,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in iShares S&P 500 Growth ETF during the first quarter valued at approximately $33,000. Finally, Cloud Capital Management LLC purchased a new stake in iShares S&P 500 Growth ETF during the first quarter valued at approximately $36,000.

iShares S&P 500 Growth ETF Trading Up 0.5%

Shares of IVW stock opened at $120.40 on Friday. iShares S&P 500 Growth ETF has a 12 month low of $79.31 and a 12 month high of $122.66. The stock has a market cap of $65.48 billion, a P/E ratio of 33.33 and a beta of 1.05. The company has a 50 day simple moving average of $118.05 and a two-hundred day simple moving average of $108.16.

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.