Waverly Advisors LLC Reduces Stake in iShares S&P 500 Growth ETF $IVW

Waverly Advisors LLC lowered its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 58.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 203,024 shares of the company’s stock after selling 284,778 shares during the period. Waverly Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $22,964,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sentinel Advisory Group LLC bought a new stake in shares of iShares S&P 500 Growth ETF during the 1st quarter valued at about $715,000. Compound Planning Inc. lifted its stake in shares of iShares S&P 500 Growth ETF by 439.8% in the 1st quarter. Compound Planning Inc. now owns 25,819 shares of the company’s stock worth $2,920,000 after purchasing an additional 21,036 shares during the period. Klingman & Associates LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 5.4% in the 1st quarter. Klingman & Associates LLC now owns 3,671 shares of the company’s stock worth $415,000 after purchasing an additional 189 shares during the period. RMG Wealth Management LLC purchased a new position in shares of iShares S&P 500 Growth ETF in the first quarter worth approximately $710,000. Finally, Gibbs Wealth Management boosted its holdings in shares of iShares S&P 500 Growth ETF by 55.5% in the first quarter. Gibbs Wealth Management now owns 4,185 shares of the company’s stock worth $473,000 after buying an additional 1,494 shares during the last quarter.

iShares S&P 500 Growth ETF Trading Down 0.6%

Shares of NYSEARCA IVW opened at $132.83 on Friday. The firm has a 50 day moving average of $136.45 and a 200 day moving average of $127.42. The firm has a market capitalization of $72.44 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a 12-month low of $108.13 and a 12-month high of $141.98.

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. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.