World Investment Advisors Sells 199,082 Shares of iShares S&P 500 Growth ETF $IVW

World Investment Advisors decreased its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 27.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 530,908 shares of the company’s stock after selling 199,082 shares during the period. iShares S&P 500 Growth ETF accounts for 1.0% of World Investment Advisors’ investment portfolio, making the stock its 10th largest holding. World Investment Advisors’ holdings in iShares S&P 500 Growth ETF were worth $65,440,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. United Bank lifted its position in iShares S&P 500 Growth ETF by 4.6% in the second quarter. United Bank now owns 52,096 shares of the company’s stock valued at $5,736,000 after acquiring an additional 2,280 shares during the last quarter. Schnieders Capital Management LLC. acquired a new position in iShares S&P 500 Growth ETF in the second quarter valued at $600,000. Nordwand Advisors LLC purchased a new position in shares of iShares S&P 500 Growth ETF during the second quarter worth about $258,000. United Advisor Group LLC grew its holdings in shares of iShares S&P 500 Growth ETF by 11.9% during the second quarter. United Advisor Group LLC now owns 4,946 shares of the company’s stock worth $545,000 after purchasing an additional 527 shares during the last quarter. Finally, Inspire Advisors LLC increased its position in shares of iShares S&P 500 Growth ETF by 6.8% during the second quarter. Inspire Advisors LLC now owns 3,827 shares of the company’s stock worth $421,000 after purchasing an additional 242 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

iShares S&P 500 Growth ETF stock opened at $116.86 on Thursday. iShares S&P 500 Growth ETF has a fifty-two week low of $79.31 and a fifty-two week high of $126.61. The company has a market capitalization of $62.73 billion, a P/E ratio of 33.33 and a beta of 1.11. The stock has a 50-day simple moving average of $121.28 and a 200-day simple moving average of $121.48.

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. 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.