iShares S&P 500 Growth ETF $IVW Stock Position Lowered by Financial Advocates Investment Management

Financial Advocates Investment Management trimmed its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 84.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,989 shares of the company’s stock after selling 135,930 shares during the period. iShares S&P 500 Growth ETF accounts for 1.7% of Financial Advocates Investment Management’s investment portfolio, making the stock its 18th biggest holding. Financial Advocates Investment Management’s holdings in iShares S&P 500 Growth ETF were worth $3,017,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Atria Investments Inc boosted its position in shares of iShares S&P 500 Growth ETF by 4.6% in the third quarter. Atria Investments Inc now owns 457,419 shares of the company’s stock worth $55,220,000 after buying an additional 19,917 shares during the period. Wedbush Securities Inc. lifted its stake in iShares S&P 500 Growth ETF by 31.9% in the 3rd quarter. Wedbush Securities Inc. now owns 14,963 shares of the company’s stock worth $1,806,000 after acquiring an additional 3,617 shares in the last quarter. Beacon Bridge Wealth Partners LLC lifted its stake in iShares S&P 500 Growth ETF by 1.9% in the 3rd quarter. Beacon Bridge Wealth Partners LLC now owns 11,479 shares of the company’s stock worth $1,386,000 after acquiring an additional 217 shares in the last quarter. Wealth Forward LLC acquired a new stake in iShares S&P 500 Growth ETF during the 3rd quarter worth about $208,000. Finally, Caprock Group LLC purchased a new position in iShares S&P 500 Growth ETF during the 3rd quarter valued at about $782,000.

iShares S&P 500 Growth ETF Price Performance

Shares of IVW opened at $119.49 on Friday. The business’s 50-day moving average is $123.31 and its 200-day moving average is $120.62. The company has a market capitalization of $64.14 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11. iShares S&P 500 Growth ETF has a fifty-two week low of $79.31 and a fifty-two week high of $126.61.

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.