First Merchants Corp Sells 5,664 Shares of iShares S&P 500 Growth ETF $IVW

First Merchants Corp reduced its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 2.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 255,627 shares of the company’s stock after selling 5,664 shares during the quarter. iShares S&P 500 Growth ETF makes up about 1.1% of First Merchants Corp’s holdings, making the stock its 20th largest position. First Merchants Corp’s holdings in iShares S&P 500 Growth ETF were worth $28,914,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Strive Financial Group LLC bought a new position in shares of iShares S&P 500 Growth ETF during the 4th quarter worth $26,000. Decker Retirement Planning Inc. bought a new stake in iShares S&P 500 Growth ETF in the 4th quarter valued at about $28,000. Financial Network Wealth Advisors LLC raised its stake in iShares S&P 500 Growth ETF by 174.4% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after acquiring an additional 143 shares during the period. Turning Point Benefit Group Inc. bought a new stake in iShares S&P 500 Growth ETF in the 3rd quarter valued at about $28,000. Finally, Entrust Financial LLC purchased a new stake in iShares S&P 500 Growth ETF during the fourth quarter valued at about $33,000.

iShares S&P 500 Growth ETF Price Performance

NYSEARCA IVW opened at $137.96 on Monday. The company has a market cap of $74.77 billion, a PE ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a 52 week low of $104.21 and a 52 week high of $141.98. The firm’s 50-day simple moving average is $133.56 and its two-hundred day simple moving average is $125.30.

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.