Mattern Capital Management LLC Cuts Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Mattern Capital Management LLC decreased its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 49.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,784 shares of the company’s stock after selling 2,725 shares during the quarter. Mattern Capital Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $283,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in shares of iShares S&P 500 Growth ETF by 10,365.3% in the third quarter. International Assets Investment Management LLC now owns 1,584,755 shares of the company’s stock worth $151,740,000 after acquiring an additional 1,569,612 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of iShares S&P 500 Growth ETF in the third quarter worth $82,464,000. Arvest Bank Trust Division acquired a new position in shares of iShares S&P 500 Growth ETF in the third quarter worth $56,971,000. Strategic Financial Concepts LLC grew its stake in shares of iShares S&P 500 Growth ETF by 10,066.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 425,892 shares of the company’s stock worth $479,000 after acquiring an additional 421,703 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its stake in shares of iShares S&P 500 Growth ETF by 29.8% in the third quarter. Sanctuary Advisors LLC now owns 1,412,222 shares of the company’s stock worth $140,686,000 after acquiring an additional 324,178 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Down 2.4 %

NYSEARCA:IVW opened at $103.43 on Friday. The company has a fifty day simple moving average of $104.04 and a two-hundred day simple moving average of $98.85. The company has a market cap of $57.71 billion, a price-to-earnings ratio of 33.87 and a beta of 1.07. iShares S&P 500 Growth ETF has a 52 week low of $79.07 and a 52 week high of $107.14.

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.