iShares S&P 500 Growth ETF (NYSEARCA:IVW) Shares Sold by Cranbrook Wealth Management LLC

Cranbrook Wealth Management LLC cut its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 62,569 shares of the company’s stock after selling 229 shares during the quarter. iShares S&P 500 Growth ETF accounts for about 1.5% of Cranbrook Wealth Management LLC’s investment portfolio, making the stock its 20th largest holding. Cranbrook Wealth Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $6,353,000 at the end of the most recent reporting period.

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

iShares S&P 500 Growth ETF Stock Up 1.3 %

Shares of NYSEARCA IVW opened at $103.83 on Friday. iShares S&P 500 Growth ETF has a 52-week low of $75.62 and a 52-week high of $105.64. The business’s 50 day moving average is $102.10 and its two-hundred day moving average is $96.62. The firm has a market cap of $54.40 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14.

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.