Rodgers & Associates LTD Cuts Holdings in iShares S&P 500 Growth ETF $IVW

Rodgers & Associates LTD decreased its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 3.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 139,031 shares of the company’s stock after selling 4,712 shares during the period. iShares S&P 500 Growth ETF accounts for 1.4% of Rodgers & Associates LTD’s holdings, making the stock its 22nd biggest position. Rodgers & Associates LTD’s holdings in iShares S&P 500 Growth ETF were worth $19,121,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IVW. Morgan Stanley grew its holdings in shares of iShares S&P 500 Growth ETF by 0.6% in the fourth quarter. Morgan Stanley now owns 33,646,152 shares of the company’s stock valued at $4,147,225,000 after acquiring an additional 186,391 shares in the last quarter. LPL Financial LLC boosted its position in iShares S&P 500 Growth ETF by 1.8% in the fourth quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock worth $2,442,579,000 after purchasing an additional 357,495 shares during the last quarter. Bank of America Corp DE grew its stake in iShares S&P 500 Growth ETF by 6.6% in the 1st quarter. Bank of America Corp DE now owns 19,779,268 shares of the company’s stock valued at $2,237,233,000 after purchasing an additional 1,229,382 shares during the period. Wells Fargo & Company MN grew its stake in iShares S&P 500 Growth ETF by 0.5% in the 4th quarter. Wells Fargo & Company MN now owns 15,021,156 shares of the company’s stock valued at $1,851,508,000 after purchasing an additional 80,216 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of iShares S&P 500 Growth ETF by 5.4% during the 1st quarter. Cetera Investment Advisers now owns 4,754,617 shares of the company’s stock valued at $537,795,000 after purchasing an additional 245,310 shares during the last quarter.

iShares S&P 500 Growth ETF Price Performance

NYSEARCA IVW opened at $138.92 on Thursday. The business’s fifty day moving average is $137.50 and its 200-day moving average is $130.53. The stock has a market capitalization of $75.84 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a one year low of $108.13 and a one year high of $143.26.

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.