Tower Research Capital LLC TRC lessened its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) by 58.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 669 shares of the company’s stock after selling 931 shares during the period. Tower Research Capital LLC TRC’s holdings in iShares S&P 500 Growth ETF were worth $50,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of IVW. Financial Connections Group Inc. bought a new position in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at about $28,000. Goodwin Investment Advisory bought a new position in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at about $29,000. Life Planning Partners Inc bought a new position in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at about $32,000. Howe & Rusling Inc. grew its position in shares of iShares S&P 500 Growth ETF by 1,137.2% in the 3rd quarter. Howe & Rusling Inc. now owns 532 shares of the company’s stock valued at $36,000 after acquiring an additional 489 shares during the period. Finally, Northwest Financial Advisors bought a new position in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at about $38,000.
iShares S&P 500 Growth ETF Trading Down 1.8 %
Shares of IVW traded down $1.50 during midday trading on Tuesday, reaching $81.24. The stock had a trading volume of 1,790,986 shares, compared to its average volume of 3,550,264. The firm has a market cap of $42.42 billion, a PE ratio of 27.41 and a beta of 1.12. The firm has a 50 day simple moving average of $83.08 and a 200-day simple moving average of $77.29. iShares S&P 500 Growth ETF has a one year low of $63.19 and a one year high of $85.56.
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.
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