Cahaba Wealth Management Inc. Trims Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Cahaba Wealth Management Inc. lessened its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 2.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,178 shares of the company’s stock after selling 1,843 shares during the period. iShares S&P 500 Growth ETF comprises approximately 0.5% of Cahaba Wealth Management Inc.’s investment portfolio, making the stock its 21st biggest holding. Cahaba Wealth Management Inc.’s holdings in iShares S&P 500 Growth ETF were worth $6,313,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Strategic Financial Concepts LLC lifted its holdings in shares of iShares S&P 500 Growth ETF by 10,066.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 425,892 shares of the company’s stock worth $479,000 after buying an additional 421,703 shares during the period. Advyzon Investment Management LLC purchased a new stake in iShares S&P 500 Growth ETF in the fourth quarter worth about $420,000. Inlight Wealth Management LLC bought a new position in iShares S&P 500 Growth ETF during the 4th quarter worth about $211,000. Encompass Wealth Advisors LLC increased its position in iShares S&P 500 Growth ETF by 2.0% during the 4th quarter. Encompass Wealth Advisors LLC now owns 367,564 shares of the company’s stock valued at $37,319,000 after purchasing an additional 7,349 shares during the period. Finally, Amundi raised its holdings in shares of iShares S&P 500 Growth ETF by 464.0% in the 4th quarter. Amundi now owns 13,711 shares of the company’s stock valued at $1,392,000 after purchasing an additional 11,280 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW opened at $90.39 on Monday. The company has a 50 day moving average price of $97.06 and a 200-day moving average price of $99.43. 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 stock has a market capitalization of $49.24 billion, a PE ratio of 28.32 and a beta of 1.12.

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.