Raleigh Capital Management Inc. Reduces Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Raleigh Capital Management Inc. cut its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,492 shares of the company’s stock after selling 793 shares during the period. iShares S&P 500 Growth ETF accounts for about 0.8% of Raleigh Capital Management Inc.’s portfolio, making the stock its 27th biggest position. Raleigh Capital Management Inc.’s holdings in iShares S&P 500 Growth ETF were worth $2,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. LPL Financial LLC raised its position in iShares S&P 500 Growth ETF by 1.7% in the 3rd quarter. LPL Financial LLC now owns 15,682,897 shares of the company’s stock worth $1,501,637,000 after purchasing an additional 255,991 shares during the period. Stifel Financial Corp raised its holdings in shares of iShares S&P 500 Growth ETF by 0.3% in the third quarter. Stifel Financial Corp now owns 7,475,408 shares of the company’s stock worth $715,775,000 after buying an additional 22,565 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of iShares S&P 500 Growth ETF by 6.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,363,062 shares of the company’s stock worth $680,575,000 after acquiring an additional 467,356 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in iShares S&P 500 Growth ETF by 2.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,329,231 shares of the company’s stock valued at $510,274,000 after acquiring an additional 134,169 shares during the period. Finally, Park Avenue Securities LLC grew its position in iShares S&P 500 Growth ETF by 0.4% in the 4th quarter. Park Avenue Securities LLC now owns 3,817,542 shares of the company’s stock valued at $387,595,000 after acquiring an additional 15,623 shares during the last quarter.

iShares S&P 500 Growth ETF Trading Up 1.2 %

NYSEARCA:IVW opened at $106.14 on Thursday. The company has a market cap of $55.61 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a twelve month low of $77.20 and a twelve month high of $106.50. The stock has a fifty day simple moving average of $102.39 and a 200-day simple moving average of $96.91.

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.