Dumont & Blake Investment Advisors LLC Sells 58,052 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Dumont & Blake Investment Advisors LLC reduced its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 50.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,566 shares of the company’s stock after selling 58,052 shares during the period. iShares S&P 500 Growth ETF comprises approximately 1.4% of Dumont & Blake Investment Advisors LLC’s investment portfolio, making the stock its 11th largest position. Dumont & Blake Investment Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $5,416,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. CarsonAllaria Wealth Management Ltd. grew its holdings in iShares S&P 500 Growth ETF by 45.5% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 400 shares of the company’s stock worth $34,000 after acquiring an additional 125 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of iShares S&P 500 Growth ETF during the second quarter worth about $34,000. Financial Connections Group Inc. acquired a new position in shares of iShares S&P 500 Growth ETF in the second quarter worth approximately $35,000. GPS Wealth Strategies Group LLC boosted its holdings in iShares S&P 500 Growth ETF by 91.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 417 shares of the company’s stock valued at $39,000 after acquiring an additional 199 shares during the last quarter. Finally, Davis Capital Management increased its position in iShares S&P 500 Growth ETF by 78.4% during the 3rd quarter. Davis Capital Management now owns 412 shares of the company’s stock valued at $39,000 after purchasing an additional 181 shares during the period.

iShares S&P 500 Growth ETF Stock Up 0.8 %

IVW traded up $0.79 during trading on Friday, reaching $97.86. 63,675 shares of the stock traded hands, compared to its average volume of 2,932,357. The stock has a market capitalization of $51.27 billion, a PE ratio of 28.52 and a beta of 1.14. The stock’s 50-day moving average is $94.18 and its 200 day moving average is $90.40. iShares S&P 500 Growth ETF has a 12 month low of $65.53 and a 12 month high of $98.27.

iShares S&P 500 Growth ETF 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.