Parallel Advisors LLC Sells 17,152 Shares of iShares S&P 500 Growth ETF $IVW

Parallel Advisors LLC trimmed its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 18.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,028 shares of the company’s stock after selling 17,152 shares during the period. Parallel Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $8,373,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Strive Financial Group LLC acquired a new position in iShares S&P 500 Growth ETF in the 4th quarter worth $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at about $28,000. Financial Network Wealth Advisors LLC raised its stake 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 valued at $28,000 after purchasing an additional 143 shares during the period. Turning Point Benefit Group Inc. acquired a new stake in shares of iShares S&P 500 Growth ETF in the 3rd quarter valued at about $28,000. Finally, Entrust Financial LLC bought a new stake in shares of iShares S&P 500 Growth ETF in the fourth quarter valued at about $33,000.

iShares S&P 500 Growth ETF Price Performance

Shares of iShares S&P 500 Growth ETF stock opened at $134.26 on Monday. The firm has a market cap of $73.16 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. The stock’s 50-day moving average is $136.68 and its 200-day moving average is $127.06. iShares S&P 500 Growth ETF has a one year low of $108.13 and a one year high of $141.98.

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.