Tradewinds LLC. Lowers Stake in iShares S&P 500 Growth ETF $IVW

Tradewinds LLC. decreased its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 82.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,493 shares of the company’s stock after selling 16,845 shares during the quarter. Tradewinds LLC.’s holdings in iShares S&P 500 Growth ETF were worth $422,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IVW. The Manufacturers Life Insurance Company increased its holdings in shares of iShares S&P 500 Growth ETF by 329.5% in the second quarter. The Manufacturers Life Insurance Company now owns 1,708,995 shares of the company’s stock valued at $188,160,000 after purchasing an additional 1,311,063 shares during the period. Laurel Wealth Advisors LLC increased its stake in iShares S&P 500 Growth ETF by 11,334.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 770,011 shares of the company’s stock valued at $84,778,000 after buying an additional 763,277 shares during the period. EP Wealth Advisors LLC raised its position in iShares S&P 500 Growth ETF by 487.9% during the 2nd quarter. EP Wealth Advisors LLC now owns 679,544 shares of the company’s stock worth $74,818,000 after buying an additional 563,960 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of iShares S&P 500 Growth ETF by 6.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,499,823 shares of the company’s stock worth $935,874,000 after acquiring an additional 547,663 shares during the period. Finally, World Investment Advisors boosted its holdings in shares of iShares S&P 500 Growth ETF by 104.4% in the second quarter. World Investment Advisors now owns 744,016 shares of the company’s stock valued at $81,916,000 after acquiring an additional 380,049 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

iShares S&P 500 Growth ETF stock opened at $123.93 on Tuesday. The company has a market cap of $66.87 billion, a P/E ratio of 33.33 and a beta of 1.11. The business has a fifty day moving average of $123.03 and a two-hundred day moving average of $119.37. iShares S&P 500 Growth ETF has a one year low of $79.31 and a one year high of $126.61.

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.