iShares S&P 500 Growth ETF $IVW Stock: Kestra Investment Management LLC Trims Position

Kestra Investment Management LLC cut its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 55.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,714 shares of the company’s stock after selling 6,986 shares during the period. Kestra Investment Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $813,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of iShares S&P 500 Growth ETF by 6.6% during the first quarter. Bank of America Corp DE now owns 19,779,268 shares of the company’s stock valued at $2,237,233,000 after buying an additional 1,229,382 shares during the period. Cetera Investment Advisers lifted its stake in iShares S&P 500 Growth ETF by 5.4% in the first quarter. Cetera Investment Advisers now owns 4,754,617 shares of the company’s stock worth $537,795,000 after acquiring an additional 245,310 shares during the period. Lido Advisors LLC lifted its stake in iShares S&P 500 Growth ETF by 2.3% in the first quarter. Lido Advisors LLC now owns 3,873,907 shares of the company’s stock worth $438,178,000 after acquiring an additional 85,467 shares during the period. Royal Bank of Canada lifted its stake in iShares S&P 500 Growth ETF by 5.8% in the first quarter. Royal Bank of Canada now owns 3,539,621 shares of the company’s stock worth $400,576,000 after acquiring an additional 193,529 shares during the period. Finally, Sofi Wealth LLC lifted its stake in iShares S&P 500 Growth ETF by 6.9% in the first quarter. Sofi Wealth LLC now owns 2,249,169 shares of the company’s stock worth $254,403,000 after acquiring an additional 145,081 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW opened at $134.17 on Thursday. The company has a 50 day moving average price of $139.63 and a 200-day moving average price of $132.25. iShares S&P 500 Growth ETF has a fifty-two week low of $108.13 and a fifty-two week high of $146.83. The stock has a market capitalization of $74.24 billion, a PE ratio of 24.96 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.