Merit Financial Group LLC Sells 3,710 Shares of iShares S&P 500 Growth ETF $IVW

Merit Financial Group LLC cut its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 236,673 shares of the company’s stock after selling 3,710 shares during the quarter. Merit Financial Group LLC’s holdings in iShares S&P 500 Growth ETF were worth $32,550,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in iShares S&P 500 Growth ETF by 0.4% in the 2nd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 25,373 shares of the company’s stock valued at $3,490,000 after acquiring an additional 96 shares during the period. Thomasville National Bank bought a new position in iShares S&P 500 Growth ETF during the second quarter worth $6,067,000. Arcadia Wealth Management LLC boosted its position in iShares S&P 500 Growth ETF by 68.2% during the second quarter. Arcadia Wealth Management LLC now owns 19,508 shares of the company’s stock worth $2,683,000 after purchasing an additional 7,908 shares during the period. Sterling Investment Counsel LLC increased its holdings in shares of iShares S&P 500 Growth ETF by 1.7% in the second quarter. Sterling Investment Counsel LLC now owns 287,866 shares of the company’s stock valued at $39,590,000 after purchasing an additional 4,694 shares during the last quarter. Finally, Stewardship Advisors LLC increased its holdings in shares of iShares S&P 500 Growth ETF by 28.7% in the second quarter. Stewardship Advisors LLC now owns 3,288 shares of the company’s stock valued at $452,000 after purchasing an additional 734 shares during the last quarter.

iShares S&P 500 Growth ETF Price Performance

Shares of IVW opened at $141.49 on Thursday. The company’s 50-day moving average is $136.34 and its 200-day moving average is $128.73. The firm has a market capitalization of $77.25 billion, a PE ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a fifty-two week low of $108.13 and a fifty-two week high of $143.26.

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. 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.