Sovereign Financial Group Inc. Sells 508 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Sovereign Financial Group Inc. trimmed its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,823 shares of the company’s stock after selling 508 shares during the quarter. Sovereign Financial Group Inc.’s holdings in iShares S&P 500 Growth ETF were worth $362,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Financial Connections Group Inc. purchased a new position in iShares S&P 500 Growth ETF in the fourth quarter worth $28,000. Goodwin Investment Advisory purchased a new position in iShares S&P 500 Growth ETF during the 4th quarter worth $29,000. Life Planning Partners Inc acquired a new position in iShares S&P 500 Growth ETF during the 4th quarter valued at about $32,000. Howe & Rusling Inc. raised its stake in iShares S&P 500 Growth ETF by 1,137.2% in the third quarter. Howe & Rusling Inc. now owns 532 shares of the company’s stock valued at $36,000 after buying an additional 489 shares during the last quarter. Finally, Capital Investment Counsel Inc purchased a new stake in shares of iShares S&P 500 Growth ETF during the third quarter worth about $42,000.

iShares S&P 500 Growth ETF Stock Down 0.1 %

Shares of iShares S&P 500 Growth ETF stock traded down $0.05 during midday trading on Tuesday, hitting $84.48. The company had a trading volume of 1,833,175 shares, compared to its average volume of 3,467,452. The stock has a market cap of $44.12 billion, a price-to-earnings ratio of 27.41 and a beta of 1.12. iShares S&P 500 Growth ETF has a 12-month low of $64.24 and a 12-month high of $85.56. The company has a fifty day simple moving average of $83.18 and a 200 day simple moving average of $77.77.

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.