iShares S&P 500 Growth ETF $IVW Stake Cut by Sterling Investment Counsel LLC

Sterling Investment Counsel LLC decreased its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 2.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 281,178 shares of the company’s stock after selling 6,688 shares during the period. iShares S&P 500 Growth ETF makes up approximately 9.1% of Sterling Investment Counsel LLC’s investment portfolio, making the stock its largest holding. Sterling Investment Counsel LLC’s holdings in iShares S&P 500 Growth ETF were worth $40,000,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Investors Research Corp lifted its holdings in shares of iShares S&P 500 Growth ETF by 1.4% in the 2nd quarter. Investors Research Corp now owns 5,414 shares of the company’s stock valued at $745,000 after buying an additional 75 shares during the period. RDA Financial Network boosted its stake in shares of iShares S&P 500 Growth ETF by 3.6% in the third quarter. RDA Financial Network now owns 2,203 shares of the company’s stock valued at $313,000 after buying an additional 76 shares in the last quarter. Cooper Financial Group boosted its stake in shares of iShares S&P 500 Growth ETF by 0.7% in the second quarter. Cooper Financial Group now owns 10,864 shares of the company’s stock valued at $1,494,000 after buying an additional 80 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings in iShares S&P 500 Growth ETF by 0.4% during the second quarter. Cornerstone Wealth Management LLC now owns 18,502 shares of the company’s stock worth $2,545,000 after acquiring an additional 80 shares during the period. Finally, Quadcap Wealth Management LLC grew its holdings in iShares S&P 500 Growth ETF by 1.7% during the first quarter. Quadcap Wealth Management LLC now owns 5,386 shares of the company’s stock worth $609,000 after acquiring an additional 89 shares during the period.

iShares S&P 500 Growth ETF Stock Up 0.9%

IVW stock traded up $1.28 on Monday, reaching $140.21. 1,290,445 shares of the company’s stock were exchanged, compared to its average volume of 3,006,500. The stock has a fifty day moving average of $141.10 and a 200-day moving average of $136.12. The firm has a market cap of $77.57 billion, a PE ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a twelve month low of $108.13 and a twelve month high of $146.83.

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.