iShares S&P 500 Growth ETF $IVW is Stegner Investment Associates Inc.’s Largest Position

Stegner Investment Associates Inc. decreased its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 0.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 630,543 shares of the company’s stock after selling 5,378 shares during the period. iShares S&P 500 Growth ETF accounts for 41.7% of Stegner Investment Associates Inc.’s portfolio, making the stock its biggest position. Stegner Investment Associates Inc.’s holdings in iShares S&P 500 Growth ETF were worth $76,119,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Davis Capital Management acquired a new position in iShares S&P 500 Growth ETF in the third quarter valued at $28,000. Darwin Wealth Management LLC acquired a new stake in shares of iShares S&P 500 Growth ETF during the second quarter worth about $30,000. Howe & Rusling Inc. lifted its holdings in shares of iShares S&P 500 Growth ETF by 484.1% in the 3rd quarter. Howe & Rusling Inc. now owns 257 shares of the company’s stock valued at $31,000 after purchasing an additional 213 shares during the last quarter. Financial Consulate Inc. acquired a new stake in shares of iShares S&P 500 Growth ETF in the 3rd quarter valued at about $41,000. Finally, Morgan Dempsey Capital Management LLC acquired a new stake in shares of iShares S&P 500 Growth ETF in the 2nd quarter valued at about $44,000.

iShares S&P 500 Growth ETF Stock Down 1.8%

IVW opened at $119.49 on Friday. iShares S&P 500 Growth ETF has a 52 week low of $79.31 and a 52 week high of $126.61. The business’s 50 day moving average is $123.31 and its two-hundred day moving average is $120.62. The firm has a market cap of $64.14 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11.

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. 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.