Sherman Porfolios LLC Decreases Stock Holdings in iShares S&P 500 Growth ETF $IVW

Sherman Porfolios LLC lessened its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 5.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,108 shares of the company’s stock after selling 6,350 shares during the quarter. iShares S&P 500 Growth ETF comprises 4.5% of Sherman Porfolios LLC’s investment portfolio, making the stock its 10th biggest position. Sherman Porfolios LLC’s holdings in iShares S&P 500 Growth ETF were worth $12,568,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of IVW. Turning Point Benefit Group Inc. acquired a new position in shares of iShares S&P 500 Growth ETF in the 3rd quarter valued at approximately $28,000. Davis Capital Management bought a new stake in shares of iShares S&P 500 Growth ETF during the 3rd quarter worth approximately $28,000. Howe & Rusling Inc. boosted its position in shares of iShares S&P 500 Growth ETF by 484.1% during the 3rd quarter. Howe & Rusling Inc. now owns 257 shares of the company’s stock worth $31,000 after acquiring an additional 213 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of iShares S&P 500 Growth ETF during the 2nd quarter worth approximately $30,000. Finally, Financial Consulate Inc. bought a new position in iShares S&P 500 Growth ETF in the third quarter valued at approximately $41,000.

iShares S&P 500 Growth ETF Price Performance

Shares of IVW opened at $116.86 on Thursday. iShares S&P 500 Growth ETF has a one year low of $79.31 and a one year high of $126.61. The company has a market cap of $62.73 billion, a P/E ratio of 33.33 and a beta of 1.11. The firm has a 50 day simple moving average of $121.28 and a two-hundred day simple moving average of $121.48.

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.