Sovereign Financial Group Inc. Trims Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Sovereign Financial Group Inc. cut its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,079 shares of the company’s stock after selling 467 shares during the quarter. Sovereign Financial Group Inc.’s holdings in iShares S&P 500 Growth ETF were worth $2,546,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Davis Capital Management grew its stake in iShares S&P 500 Growth ETF by 78.4% in the 3rd quarter. Davis Capital Management now owns 412 shares of the company’s stock worth $39,000 after acquiring an additional 181 shares during the period. Element Wealth LLC increased its stake in iShares S&P 500 Growth ETF by 31.1% in the third quarter. Element Wealth LLC now owns 577 shares of the company’s stock valued at $55,000 after purchasing an additional 137 shares during the last quarter. Valued Wealth Advisors LLC lifted its position in iShares S&P 500 Growth ETF by 160.2% during the third quarter. Valued Wealth Advisors LLC now owns 601 shares of the company’s stock worth $58,000 after buying an additional 370 shares during the period. Copley Financial Group Inc. acquired a new stake in iShares S&P 500 Growth ETF in the 3rd quarter worth about $64,000. Finally, ORG Wealth Partners LLC purchased a new stake in iShares S&P 500 Growth ETF in the 3rd quarter valued at about $66,000.

iShares S&P 500 Growth ETF Price Performance

NYSEARCA IVW opened at $100.53 on Wednesday. The company has a market cap of $52.67 billion, a P/E ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 12 month low of $74.61 and a 12 month high of $105.64. The company has a 50-day moving average of $101.99 and a 200-day moving average of $96.53.

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.