Pettinga Financial Advisors LLC Has $28.61 Million Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Pettinga Financial Advisors LLC reduced its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 298,791 shares of the company’s stock after selling 4,650 shares during the quarter. iShares S&P 500 Growth ETF makes up approximately 6.8% of Pettinga Financial Advisors LLC’s holdings, making the stock its 3rd biggest holding. Pettinga Financial Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $28,609,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Inspire Advisors LLC grew its position in iShares S&P 500 Growth ETF by 4.4% during the 3rd quarter. Inspire Advisors LLC now owns 2,602 shares of the company’s stock worth $249,000 after acquiring an additional 109 shares during the last quarter. Annex Advisory Services LLC raised its holdings in shares of iShares S&P 500 Growth ETF by 2.7% in the second quarter. Annex Advisory Services LLC now owns 4,165 shares of the company’s stock valued at $385,000 after buying an additional 110 shares during the last quarter. Savvy Advisors Inc. lifted its position in iShares S&P 500 Growth ETF by 2.7% during the 3rd quarter. Savvy Advisors Inc. now owns 4,306 shares of the company’s stock worth $412,000 after buying an additional 112 shares in the last quarter. First National Bank & Trust Co. of Newtown grew its holdings in iShares S&P 500 Growth ETF by 0.6% during the 3rd quarter. First National Bank & Trust Co. of Newtown now owns 17,821 shares of the company’s stock worth $1,706,000 after acquiring an additional 115 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in iShares S&P 500 Growth ETF by 10.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,320 shares of the company’s stock valued at $122,000 after acquiring an additional 120 shares in the last quarter.

iShares S&P 500 Growth ETF Price Performance

Shares of NYSEARCA:IVW opened at $98.33 on Monday. The stock has a market cap of $51.52 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. The company has a 50 day moving average of $96.26 and a 200-day moving average of $92.42. iShares S&P 500 Growth ETF has a one year low of $71.68 and a one year high of $101.55.

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.