Comerica Bank Sells 32,681 Shares of iShares S&P 500 Growth ETF $IVW

Comerica Bank lowered its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 952,775 shares of the company’s stock after selling 32,681 shares during the quarter. Comerica Bank owned about 0.18% of iShares S&P 500 Growth ETF worth $115,019,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Davis Capital Management acquired a new position in shares of iShares S&P 500 Growth ETF during the 3rd quarter worth about $28,000. Darwin Wealth Management LLC acquired a new stake in shares of iShares S&P 500 Growth ETF in the 2nd quarter valued at approximately $30,000. Howe & Rusling Inc. raised its position in shares of iShares S&P 500 Growth ETF by 484.1% in the 3rd quarter. Howe & Rusling Inc. now owns 257 shares of the company’s stock valued at $31,000 after acquiring an additional 213 shares during the period. Financial Consulate Inc. bought a new position in iShares S&P 500 Growth ETF during the 3rd quarter worth approximately $41,000. Finally, Optiver Holding B.V. bought a new position in iShares S&P 500 Growth ETF during the 3rd quarter worth approximately $46,000.

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA IVW opened at $116.72 on Friday. iShares S&P 500 Growth ETF has a 52-week low of $79.31 and a 52-week high of $126.61. The stock has a market cap of $62.66 billion, a P/E ratio of 33.33 and a beta of 1.11. The firm has a 50 day moving average price of $121.67 and a 200 day moving average price of $121.39.

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. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.