Steph & Co. Decreases Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Steph & Co. decreased its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 18.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,009 shares of the company’s stock after selling 663 shares during the quarter. Steph & Co.’s holdings in iShares S&P 500 Growth ETF were worth $226,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ironwood Wealth Management LLC. increased its position in iShares S&P 500 Growth ETF by 19.0% during the first quarter. Ironwood Wealth Management LLC. now owns 184,517 shares of the company’s stock worth $14,339,000 after buying an additional 29,518 shares during the period. United Bank increased its position in iShares S&P 500 Growth ETF by 7.3% during the first quarter. United Bank now owns 54,579 shares of the company’s stock worth $4,169,000 after buying an additional 3,690 shares during the period. Bank of New York Mellon Corp increased its position in iShares S&P 500 Growth ETF by 4.0% during the first quarter. Bank of New York Mellon Corp now owns 245,020 shares of the company’s stock worth $18,714,000 after buying an additional 9,526 shares during the period. Blair William & Co. IL increased its position in iShares S&P 500 Growth ETF by 0.5% during the first quarter. Blair William & Co. IL now owns 113,156 shares of the company’s stock worth $8,643,000 after buying an additional 573 shares during the period. Finally, Baird Financial Group Inc. increased its position in iShares S&P 500 Growth ETF by 13.1% during the first quarter. Baird Financial Group Inc. now owns 702,440 shares of the company’s stock worth $53,652,000 after buying an additional 81,527 shares during the period.

iShares S&P 500 Growth ETF Price Performance

Shares of NYSEARCA:IVW traded down $0.79 during trading on Wednesday, reaching $81.60. The company had a trading volume of 2,323,894 shares, compared to its average volume of 3,723,801. The firm has a market capitalization of $42.82 billion, a price-to-earnings ratio of 28.34 and a beta of 1.10. The stock’s fifty day moving average price is $83.07 and its 200 day moving average price is $76.45. iShares S&P 500 Growth ETF has a fifty-two week low of $63.10 and a fifty-two week high of $85.56.

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.