Fmr LLC Cuts Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Fmr LLC lessened its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 0.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,151,918 shares of the company’s stock after selling 10,060 shares during the quarter. Fmr LLC’s holdings in iShares S&P 500 Growth ETF were worth $206,046,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. 1620 Investment Advisors Inc. purchased a new position in iShares S&P 500 Growth ETF during the second quarter worth about $34,000. Financial Connections Group Inc. bought a new position in shares of iShares S&P 500 Growth ETF in the second quarter worth approximately $35,000. Davis Capital Management increased its position in shares of iShares S&P 500 Growth ETF by 78.4% in the third quarter. Davis Capital Management now owns 412 shares of the company’s stock worth $39,000 after purchasing an additional 181 shares during the last quarter. GPS Wealth Strategies Group LLC raised its stake in iShares S&P 500 Growth ETF by 91.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 417 shares of the company’s stock valued at $39,000 after purchasing an additional 199 shares in the last quarter. Finally, Avondale Wealth Management lifted its position in iShares S&P 500 Growth ETF by 56.1% during the second quarter. Avondale Wealth Management now owns 434 shares of the company’s stock valued at $40,000 after purchasing an additional 156 shares during the last quarter.

iShares S&P 500 Growth ETF Price Performance

Shares of NYSEARCA:IVW opened at $101.65 on Tuesday. The company’s fifty day moving average price is $97.70 and its 200-day moving average price is $93.50. The firm has a market capitalization of $53.25 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a one year low of $71.93 and a one year high of $101.83.

iShares S&P 500 Growth ETF Company 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.