Foundation Wealth Management LLC Sells 17,460 Shares of iShares S&P 500 Growth ETF $IVW

Foundation Wealth Management LLC decreased its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 4.9% during the 4th quarter, HoldingsChannel reports. The fund owned 336,363 shares of the company’s stock after selling 17,460 shares during the quarter. iShares S&P 500 Growth ETF comprises approximately 27.3% of Foundation Wealth Management LLC’s portfolio, making the stock its biggest holding. Foundation Wealth Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $41,500,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Davis Capital Management acquired a new position in shares of iShares S&P 500 Growth ETF during the 3rd quarter valued at about $28,000. Turning Point Benefit Group Inc. acquired a new position in shares of iShares S&P 500 Growth ETF during the 3rd quarter valued at about $28,000. Decker Retirement Planning Inc. acquired a new position in shares of iShares S&P 500 Growth ETF during the 4th quarter valued at about $28,000. Darwin Wealth Management LLC acquired a new position in shares of iShares S&P 500 Growth ETF during the 2nd quarter valued at about $30,000. Finally, Howe & Rusling Inc. boosted its position in shares of iShares S&P 500 Growth ETF by 484.1% during the 3rd quarter. Howe & Rusling Inc. now owns 257 shares of the company’s stock valued at $31,000 after acquiring an additional 213 shares during the last quarter.

iShares S&P 500 Growth ETF Trading Up 1.4%

Shares of IVW stock opened at $128.32 on Friday. The company’s 50-day moving average price is $118.65 and its 200-day moving average price is $121.30. The stock has a market cap of $69.11 billion, a price-to-earnings ratio of 33.33 and a beta of 1.15. iShares S&P 500 Growth ETF has a twelve month low of $84.89 and a twelve month high of $128.68.

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. 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.