Allworth Financial LP Sells 255,896 Shares of iShares S&P 500 Growth ETF $IVW

Allworth Financial LP lowered its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 49.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 260,671 shares of the company’s stock after selling 255,896 shares during the quarter. Allworth Financial LP’s holdings in iShares S&P 500 Growth ETF were worth $35,850,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of IVW. Strive Financial Group LLC purchased a new stake in iShares S&P 500 Growth ETF during the 4th quarter worth about $26,000. Financial Network Wealth Advisors LLC grew its holdings in shares of iShares S&P 500 Growth ETF by 174.4% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after purchasing 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 third quarter worth about $28,000. First Pacific Financial bought a new stake in shares of iShares S&P 500 Growth ETF in the 2nd quarter worth approximately $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in iShares S&P 500 Growth ETF by 1,071.4% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 246 shares of the company’s stock valued at $34,000 after purchasing an additional 225 shares during the period.

iShares S&P 500 Growth ETF Price Performance

IVW traded down $0.73 on Tuesday, hitting $139.82. The company had a trading volume of 1,228,709 shares, compared to its average volume of 3,238,080. iShares S&P 500 Growth ETF has a 52-week low of $108.13 and a 52-week high of $143.26. The firm has a market capitalization of $76.33 billion, a P/E ratio of 33.33 and a beta of 1.17. The stock has a fifty day simple moving average of $137.90 and a 200-day simple moving average of $130.98.

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.