Trust Point Inc. Decreases Holdings in iShares S&P 500 Growth ETF $IVW

Trust Point Inc. lowered its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 7.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 141,130 shares of the company’s stock after selling 10,620 shares during the quarter. iShares S&P 500 Growth ETF accounts for approximately 1.6% of Trust Point Inc.’s investment portfolio, making the stock its 9th largest holding. Trust Point Inc.’s holdings in iShares S&P 500 Growth ETF were worth $19,410,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of IVW. Strive Financial Group LLC bought a new stake in iShares S&P 500 Growth ETF during the fourth quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new position in iShares S&P 500 Growth ETF in the 4th quarter worth approximately $28,000. Financial Network Wealth Advisors LLC increased its holdings in shares of iShares S&P 500 Growth ETF by 174.4% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after buying an additional 143 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF during the 3rd quarter valued at $28,000. Finally, Entrust Financial LLC purchased a new stake in shares of iShares S&P 500 Growth ETF during the 4th quarter valued at $33,000.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA IVW opened at $142.10 on Friday. iShares S&P 500 Growth ETF has a 52-week low of $108.13 and a 52-week high of $143.26. The company has a fifty day moving average of $136.32 and a 200-day moving average of $128.29. The company has a market capitalization of $77.58 billion, a P/E ratio of 33.33 and a beta of 1.17.

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.