Centaurus Financial Inc. Lowers Holdings in iShares S&P 500 Growth ETF $IVW

Centaurus Financial Inc. lowered its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 53.6% in the first quarter, HoldingsChannel reports. The fund owned 35,738 shares of the company’s stock after selling 41,330 shares during the quarter. Centaurus Financial Inc.’s holdings in iShares S&P 500 Growth ETF were worth $4,042,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of IVW. Ashton Thomas Securities LLC purchased a new stake in iShares S&P 500 Growth ETF in the first quarter valued at approximately $6,432,000. Arkadios Wealth Advisors raised its stake in iShares S&P 500 Growth ETF by 32.9% during the first quarter. Arkadios Wealth Advisors now owns 496,194 shares of the company’s stock worth $56,124,000 after purchasing an additional 122,778 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of iShares S&P 500 Growth ETF by 0.9% in the 1st quarter. Sunbelt Securities Inc. now owns 183,413 shares of the company’s stock valued at $20,746,000 after purchasing an additional 1,549 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of iShares S&P 500 Growth ETF by 23.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 32,130 shares of the company’s stock valued at $3,634,000 after purchasing an additional 6,093 shares during the last quarter. Finally, Talon Private Wealth LLC purchased a new stake in shares of iShares S&P 500 Growth ETF during the 1st quarter valued at $283,000.

iShares S&P 500 Growth ETF Stock Down 1.9%

IVW stock opened at $129.28 on Thursday. The company has a market cap of $70.57 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. The business has a fifty day simple moving average of $136.19 and a 200-day simple moving average of $127.59. iShares S&P 500 Growth ETF has a 52 week low of $108.13 and a 52 week high of $141.98.

About iShares S&P 500 Growth ETF

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.