Commonwealth Financial Services LLC Sells 8,197 Shares of iShares S&P 500 Growth ETF $IVW

Commonwealth Financial Services LLC reduced its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 23.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,776 shares of the company’s stock after selling 8,197 shares during the period. Commonwealth Financial Services LLC’s holdings in iShares S&P 500 Growth ETF were worth $3,029,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Strive Financial Group LLC purchased a new position in iShares S&P 500 Growth ETF during the fourth quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at about $28,000. Financial Network Wealth Advisors LLC raised its holdings in shares of 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 in the last quarter. Turning Point Benefit Group Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF in the 3rd quarter valued at about $28,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of iShares S&P 500 Growth ETF during the 2nd quarter valued at about $30,000.

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA IVW opened at $134.26 on Monday. 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 capitalization of $73.16 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. The business has a 50-day moving average of $136.68 and a 200-day moving average of $127.06.

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.