Centerpoint Advisors LLC Reduces Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Centerpoint Advisors LLC lowered its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,941 shares of the company’s stock after selling 2,952 shares during the quarter. iShares S&P 500 Growth ETF accounts for 4.4% of Centerpoint Advisors LLC’s investment portfolio, making the stock its 6th largest holding. Centerpoint Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $12,685,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC increased its holdings in iShares S&P 500 Growth ETF by 1.7% during the third quarter. LPL Financial LLC now owns 15,682,897 shares of the company’s stock worth $1,501,637,000 after buying an additional 255,991 shares during the last quarter. Stifel Financial Corp grew its position in shares of iShares S&P 500 Growth ETF by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 7,475,408 shares of the company’s stock valued at $715,775,000 after acquiring an additional 22,565 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of iShares S&P 500 Growth ETF by 2.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,329,231 shares of the company’s stock worth $510,274,000 after purchasing an additional 134,169 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of iShares S&P 500 Growth ETF by 0.4% in the 4th quarter. Park Avenue Securities LLC now owns 3,817,542 shares of the company’s stock worth $387,595,000 after purchasing an additional 15,623 shares during the period. Finally, Huntington National Bank lifted its stake in iShares S&P 500 Growth ETF by 0.3% in the third quarter. Huntington National Bank now owns 2,560,058 shares of the company’s stock valued at $245,126,000 after purchasing an additional 7,447 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Performance

IVW stock opened at $106.63 on Tuesday. The stock has a fifty day moving average of $103.85 and a 200-day moving average of $98.36. iShares S&P 500 Growth ETF has a fifty-two week low of $79.07 and a fifty-two week high of $107.14. The company has a market capitalization of $55.86 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14.

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.