Institute for Wealth Management LLC. Sells 2,454 Shares of iShares S&P 500 Growth ETF $IVW

Institute for Wealth Management LLC. trimmed its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 9.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,248 shares of the company’s stock after selling 2,454 shares during the quarter. Institute for Wealth Management LLC.’s holdings in iShares S&P 500 Growth ETF were worth $2,670,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Lockerman Financial Group Inc. grew its stake in iShares S&P 500 Growth ETF by 6.8% in the second quarter. Lockerman Financial Group Inc. now owns 3,230 shares of the company’s stock valued at $356,000 after purchasing an additional 206 shares in the last quarter. Pennsylvania Capital Management Inc. ADV bought a new position in iShares S&P 500 Growth ETF in the second quarter valued at approximately $1,140,000. BCU Wealth Advisors LLC grew its stake in iShares S&P 500 Growth ETF by 10.1% in the second quarter. BCU Wealth Advisors LLC now owns 32,440 shares of the company’s stock valued at $3,572,000 after purchasing an additional 2,974 shares in the last quarter. Greenleaf Trust grew its stake in iShares S&P 500 Growth ETF by 0.7% in the second quarter. Greenleaf Trust now owns 341,181 shares of the company’s stock valued at $37,564,000 after purchasing an additional 2,238 shares in the last quarter. Finally, Capital Investment Advisors LLC grew its stake in iShares S&P 500 Growth ETF by 22.7% in the second quarter. Capital Investment Advisors LLC now owns 7,857 shares of the company’s stock valued at $865,000 after purchasing an additional 1,451 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Up 0.5%

IVW stock opened at $120.72 on Wednesday. The business has a 50 day moving average price of $116.21 and a two-hundred day moving average price of $105.81. The company has a market cap of $66.15 billion, a price-to-earnings ratio of 33.33 and a beta of 1.05. iShares S&P 500 Growth ETF has a twelve month low of $79.31 and a twelve month high of $121.77.

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.