Flagstar Advisors Inc. Sells 7,248 Shares of iShares S&P 500 Growth ETF $IVW

Flagstar Advisors Inc. lessened its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 14.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,106 shares of the company’s stock after selling 7,248 shares during the period. iShares S&P 500 Growth ETF accounts for 1.7% of Flagstar Advisors Inc.’s investment portfolio, making the stock its 13th largest position. Flagstar Advisors Inc.’s holdings in iShares S&P 500 Growth ETF were worth $4,763,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in IVW. Strive Financial Group LLC bought a new stake in iShares S&P 500 Growth ETF in the 4th quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new position in iShares S&P 500 Growth ETF during the fourth quarter worth about $28,000. Financial Network Wealth Advisors LLC boosted its position in iShares S&P 500 Growth ETF by 174.4% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after purchasing an additional 143 shares during the period. Turning Point Benefit Group Inc. purchased a new position in shares of iShares S&P 500 Growth ETF in the third quarter worth about $28,000. Finally, Entrust Financial LLC purchased a new position in shares of iShares S&P 500 Growth ETF in the fourth quarter worth about $33,000.

iShares S&P 500 Growth ETF Stock Up 2.3%

NYSEARCA IVW opened at $135.60 on Tuesday. The company’s 50 day moving average is $134.86 and its 200-day moving average is $125.74. iShares S&P 500 Growth ETF has a 12-month low of $108.13 and a 12-month high of $141.98. The firm has a market cap of $73.49 billion, a P/E ratio of 33.33 and a beta of 1.17.

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.