Park Avenue Securities LLC Trims Position in iShares S&P 500 Growth ETF $IVW

Park Avenue Securities LLC lowered its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 3,575,069 shares of the company’s stock after selling 53,204 shares during the period. iShares S&P 500 Growth ETF makes up about 3.4% of Park Avenue Securities LLC’s holdings, making the stock its 4th biggest holding. Park Avenue Securities LLC’s holdings in iShares S&P 500 Growth ETF were worth $431,582,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of IVW. Flaharty Asset Management LLC acquired a new stake in iShares S&P 500 Growth ETF in the first quarter valued at $26,000. Davis Capital Management acquired a new position in iShares S&P 500 Growth ETF during the 3rd quarter worth about $28,000. Darwin Wealth Management LLC bought a new stake in shares of iShares S&P 500 Growth ETF in the 2nd quarter valued at about $30,000. Ryan Investment Management Inc. acquired a new stake in shares of iShares S&P 500 Growth ETF in the second quarter valued at about $36,000. Finally, Financial Consulate Inc. acquired a new stake in shares of iShares S&P 500 Growth ETF in the third quarter valued at about $41,000.

iShares S&P 500 Growth ETF Price Performance

iShares S&P 500 Growth ETF stock opened at $124.46 on Wednesday. The stock’s 50 day moving average is $122.97 and its 200 day moving average is $118.40. iShares S&P 500 Growth ETF has a one year low of $79.31 and a one year high of $126.61. The firm has a market cap of $67.21 billion, a P/E ratio of 33.33 and a beta of 1.11.

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. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.