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

Truvestments Capital LLC decreased its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 17.5% during the first quarter, HoldingsChannel.com reports. The fund owned 2,474 shares of the company’s stock after selling 526 shares during the quarter. Truvestments Capital LLC’s holdings in iShares S&P 500 Growth ETF were worth $209,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of IVW. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of iShares S&P 500 Growth ETF by 96.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,967,008 shares of the company’s stock valued at $334,974,000 after acquiring an additional 1,948,478 shares during the last quarter. CWM LLC increased its stake in iShares S&P 500 Growth ETF by 57.0% during the first quarter. CWM LLC now owns 4,419,212 shares of the company’s stock worth $373,158,000 after acquiring an additional 1,604,659 shares during the last quarter. Park Avenue Securities LLC raised its position in iShares S&P 500 Growth ETF by 145.0% during the first quarter. Park Avenue Securities LLC now owns 2,649,963 shares of the company’s stock valued at $223,763,000 after purchasing an additional 1,568,156 shares during the period. Midland Wealth Advisors LLC bought a new stake in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at approximately $100,134,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of iShares S&P 500 Growth ETF by 7,411.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,007,681 shares of the company’s stock worth $75,677,000 after purchasing an additional 994,265 shares during the period.

iShares S&P 500 Growth ETF Trading Up 0.9 %

Shares of NYSEARCA IVW traded up $0.82 during trading hours on Friday, hitting $89.90. 2,342,038 shares of the company traded hands, compared to its average volume of 3,284,792. The company’s 50 day moving average price is $91.49 and its 200 day moving average price is $85.26. iShares S&P 500 Growth ETF has a 12 month low of $65.53 and a 12 month high of $97.22. The stock has a market capitalization of $47.10 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14.

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.