iShares S&P 500 Growth ETF (NYSEARCA:IVW) is Kwmg LLC’s 9th Largest Position

Kwmg LLC reduced its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 4.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 248,760 shares of the company’s stock after selling 10,709 shares during the period. iShares S&P 500 Growth ETF accounts for approximately 2.6% of Kwmg LLC’s investment portfolio, making the stock its 9th largest holding. Kwmg LLC’s holdings in iShares S&P 500 Growth ETF were worth $25,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Davis Capital Management lifted its stake in shares of iShares S&P 500 Growth ETF by 78.4% in the 3rd quarter. Davis Capital Management now owns 412 shares of the company’s stock worth $39,000 after purchasing an additional 181 shares during the period. Element Wealth LLC grew its position in iShares S&P 500 Growth ETF by 31.1% during the third quarter. Element Wealth LLC now owns 577 shares of the company’s stock valued at $55,000 after buying an additional 137 shares during the period. Valued Wealth Advisors LLC increased its holdings in iShares S&P 500 Growth ETF by 160.2% during the third quarter. Valued Wealth Advisors LLC now owns 601 shares of the company’s stock valued at $58,000 after buying an additional 370 shares during the last quarter. Copley Financial Group Inc. bought a new position in iShares S&P 500 Growth ETF in the third quarter worth approximately $64,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of iShares S&P 500 Growth ETF during the 3rd quarter worth $66,000.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock traded down $0.33 during mid-day trading on Monday, reaching $100.75. 1,747,438 shares of the company’s stock traded hands, compared to its average volume of 2,001,066. The firm has a market capitalization of $52.78 billion, a PE ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 12 month low of $74.61 and a 12 month high of $105.64. The firm has a 50 day moving average price of $101.81 and a two-hundred day moving average price of $96.42.

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.