Merit Financial Group LLC Sells 3,710 Shares of iShares S&P 500 Growth ETF $IVW

Merit Financial Group LLC reduced its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 236,673 shares of the company’s stock after selling 3,710 shares during the period. Merit Financial Group LLC’s holdings in iShares S&P 500 Growth ETF were worth $32,550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Strive Financial Group LLC bought a new position in iShares S&P 500 Growth ETF during the 4th quarter worth $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of iShares S&P 500 Growth ETF during the fourth quarter worth $28,000. Financial Network Wealth Advisors LLC boosted its position in shares of iShares S&P 500 Growth ETF by 174.4% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after acquiring an additional 143 shares during the period. Turning Point Benefit Group Inc. bought a new stake in shares of iShares S&P 500 Growth ETF in the third quarter valued at about $28,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of iShares S&P 500 Growth ETF in the second quarter valued at about $30,000.

iShares S&P 500 Growth ETF Stock Performance

IVW stock opened at $141.49 on Thursday. iShares S&P 500 Growth ETF has a 52 week low of $108.13 and a 52 week high of $143.26. The company has a market capitalization of $77.25 billion, a PE ratio of 33.33 and a beta of 1.17. The company’s 50-day simple moving average is $136.34 and its 200 day simple moving average is $128.73.

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.