RKL Wealth Management LLC Decreases Stock Holdings in iShares S&P 500 Growth ETF $IVW

RKL Wealth Management LLC reduced its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 14.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,196 shares of the company’s stock after selling 9,264 shares during the period. iShares S&P 500 Growth ETF accounts for about 0.6% of RKL Wealth Management LLC’s portfolio, making the stock its 26th largest holding. RKL Wealth Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $6,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. United Bank grew its holdings in iShares S&P 500 Growth ETF by 4.6% in the 2nd quarter. United Bank now owns 52,096 shares of the company’s stock valued at $5,736,000 after buying an additional 2,280 shares in the last quarter. Schnieders Capital Management LLC. acquired a new position in shares of iShares S&P 500 Growth ETF during the 2nd quarter valued at about $600,000. Oppenheimer Asset Management Inc. grew its holdings in shares of iShares S&P 500 Growth ETF by 12.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 8,771 shares of the company’s stock valued at $966,000 after purchasing an additional 954 shares during the period. Bessemer Group Inc. increased its position in iShares S&P 500 Growth ETF by 31.2% during the second quarter. Bessemer Group Inc. now owns 29,667 shares of the company’s stock worth $3,266,000 after purchasing an additional 7,047 shares during the last quarter. Finally, Advisory Alpha LLC purchased a new position in iShares S&P 500 Growth ETF during the second quarter worth about $292,000.

iShares S&P 500 Growth ETF Price Performance

NYSEARCA:IVW opened at $122.24 on Thursday. The company’s 50-day moving average is $122.77 and its two-hundred day moving average is $121.07. iShares S&P 500 Growth ETF has a 1-year low of $79.31 and a 1-year high of $126.61. The firm has a market capitalization of $65.62 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11.

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.