Mcmorgan & Co. LLC Trims Holdings in iShares S&P 500 Growth ETF $IVW

Mcmorgan & Co. LLC lessened its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 4.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 186,940 shares of the company’s stock after selling 9,374 shares during the quarter. iShares S&P 500 Growth ETF makes up about 3.9% of Mcmorgan & Co. LLC’s investment portfolio, making the stock its 9th largest position. Mcmorgan & Co. LLC’s holdings in iShares S&P 500 Growth ETF were worth $25,710,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IVW. Ferguson Wellman Capital Management Inc. increased its holdings in iShares S&P 500 Growth ETF by 13.4% in the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 11,886 shares of the company’s stock valued at $1,635,000 after acquiring an additional 1,400 shares during the last quarter. Blue Edge Capital LLC purchased a new stake in iShares S&P 500 Growth ETF in the 2nd quarter worth $40,833,000. Capital Square LLC bought a new position in shares of iShares S&P 500 Growth ETF during the 2nd quarter valued at about $3,849,000. Compass Financial Management LLC bought a new position in shares of iShares S&P 500 Growth ETF during the 2nd quarter valued at about $465,000. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of iShares S&P 500 Growth ETF during the 2nd quarter valued at about $62,000.

iShares S&P 500 Growth ETF Stock Down 0.6%

Shares of iShares S&P 500 Growth ETF stock opened at $140.02 on Friday. iShares S&P 500 Growth ETF has a twelve month low of $108.13 and a twelve month high of $143.26. The business has a 50-day moving average price of $137.24 and a 200-day moving average price of $130.10. The firm has a market cap of $76.44 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17.

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.