Foundation Wealth Management LLC Decreases Stock Position in iShares S&P 500 Growth ETF $IVW

Foundation Wealth Management LLC lowered its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 353,823 shares of the company’s stock after selling 9,630 shares during the period. iShares S&P 500 Growth ETF comprises approximately 27.3% of Foundation Wealth Management LLC’s holdings, making the stock its largest position. Foundation Wealth Management LLC owned 0.07% of iShares S&P 500 Growth ETF worth $42,713,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Davis Capital Management purchased a new position in shares of iShares S&P 500 Growth ETF in the third quarter valued at about $28,000. Darwin Wealth Management LLC purchased a new stake in shares of iShares S&P 500 Growth ETF during the second quarter worth about $30,000. Ryan Investment Management Inc. bought a new stake in iShares S&P 500 Growth ETF during the 2nd quarter valued at approximately $36,000. Financial Consulate Inc. purchased a new position in iShares S&P 500 Growth ETF in the 3rd quarter worth approximately $41,000. Finally, Morgan Dempsey Capital Management LLC purchased a new position in iShares S&P 500 Growth ETF in the 2nd quarter worth approximately $44,000.

iShares S&P 500 Growth ETF Price Performance

Shares of IVW opened at $123.41 on Thursday. iShares S&P 500 Growth ETF has a 1 year low of $79.31 and a 1 year high of $126.61. The company has a 50 day simple moving average of $122.95 and a two-hundred day simple moving average of $119.01. The firm has a market cap of $66.60 billion, a P/E ratio of 33.33 and a beta of 1.11.

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.