Ramiah Investment Group Sells 20,466 Shares of iShares S&P 500 Growth ETF $IVW

Ramiah Investment Group lowered its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 78.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,527 shares of the company’s stock after selling 20,466 shares during the quarter. iShares S&P 500 Growth ETF makes up approximately 0.5% of Ramiah Investment Group’s holdings, making the stock its 24th biggest holding. Ramiah Investment Group’s holdings in iShares S&P 500 Growth ETF were worth $625,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in IVW. Morgan Stanley boosted its position in iShares S&P 500 Growth ETF by 0.6% in the fourth quarter. Morgan Stanley now owns 33,646,152 shares of the company’s stock valued at $4,147,225,000 after buying an additional 186,391 shares in the last quarter. LPL Financial LLC increased its holdings in shares of iShares S&P 500 Growth ETF by 1.8% during the fourth quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock worth $2,442,579,000 after buying an additional 357,495 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of iShares S&P 500 Growth ETF by 6.6% during the first quarter. Bank of America Corp DE now owns 19,779,268 shares of the company’s stock worth $2,237,233,000 after buying an additional 1,229,382 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of iShares S&P 500 Growth ETF by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 15,021,156 shares of the company’s stock valued at $1,851,508,000 after acquiring an additional 80,216 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of iShares S&P 500 Growth ETF by 5.4% in the first quarter. Cetera Investment Advisers now owns 4,754,617 shares of the company’s stock valued at $537,795,000 after acquiring an additional 245,310 shares during the last quarter.

iShares S&P 500 Growth ETF Price Performance

Shares of IVW opened at $135.25 on Friday. The company has a market capitalization of $73.85 billion, a P/E ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a one year low of $108.13 and a one year high of $141.98. The business’s 50 day simple moving average is $136.10 and its 200-day simple moving average is $127.71.

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.