Pettinga Financial Advisors LLC Has $28.64 Million Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Pettinga Financial Advisors LLC trimmed its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 299,096 shares of the company’s stock after selling 4,345 shares during the period. iShares S&P 500 Growth ETF accounts for about 6.8% of Pettinga Financial Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. Pettinga Financial Advisors LLC owned about 0.06% of iShares S&P 500 Growth ETF worth $28,638,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. CarsonAllaria Wealth Management Ltd. grew its stake in shares of 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 valued at $34,000 after purchasing an additional 125 shares during the period. 1620 Investment Advisors Inc. purchased a new position in shares of iShares S&P 500 Growth ETF during the second quarter valued at about $34,000. Financial Connections Group Inc. bought a new stake in iShares S&P 500 Growth ETF in the 2nd quarter worth approximately $35,000. GPS Wealth Strategies Group LLC raised its stake in iShares S&P 500 Growth ETF by 91.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 417 shares of the company’s stock valued at $39,000 after purchasing an additional 199 shares in the last quarter. Finally, Davis Capital Management raised its position in shares of 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 buying an additional 181 shares in the last quarter.

iShares S&P 500 Growth ETF Price Performance

Shares of IVW traded up $1.18 during midday trading on Friday, hitting $98.25. The stock had a trading volume of 277,610 shares, compared to its average volume of 2,933,516. The firm has a market cap of $51.47 billion, a PE ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 1 year low of $65.53 and a 1 year high of $98.41. 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 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.