D.A. Davidson & CO. Decreases Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

D.A. Davidson & CO. lowered its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 7.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,208 shares of the company’s stock after selling 6,736 shares during the period. D.A. Davidson & CO.’s holdings in iShares S&P 500 Growth ETF were worth $7,584,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. River Street Advisors LLC raised its holdings in shares of iShares S&P 500 Growth ETF by 17.5% during the third quarter. River Street Advisors LLC now owns 9,981 shares of the company’s stock valued at $956,000 after acquiring an additional 1,483 shares during the last quarter. Foster Victor Wealth Advisors LLC purchased a new stake in shares of iShares S&P 500 Growth ETF during the second quarter worth $226,000. FineMark National Bank & Trust raised its position in shares of iShares S&P 500 Growth ETF by 4.8% in the second quarter. FineMark National Bank & Trust now owns 71,052 shares of the company’s stock valued at $6,575,000 after buying an additional 3,279 shares during the last quarter. Choreo LLC boosted its position in iShares S&P 500 Growth ETF by 13.8% during the second quarter. Choreo LLC now owns 506,741 shares of the company’s stock worth $47,239,000 after acquiring an additional 61,420 shares during the last quarter. Finally, Adaptive Financial Consulting LLC increased its holdings in shares of iShares S&P 500 Growth ETF by 1.2% in the second quarter. Adaptive Financial Consulting LLC now owns 195,869 shares of the company’s stock valued at $18,126,000 after purchasing an additional 2,383 shares during the last quarter.

iShares S&P 500 Growth ETF Trading Down 0.7 %

Shares of IVW stock opened at $99.93 on Thursday. The company’s 50-day moving average price is $97.48 and its 200-day moving average price is $93.24. The stock has a market cap of $52.35 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a twelve month low of $71.93 and a twelve month high of $101.55.

iShares S&P 500 Growth ETF 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.