MAI Capital Management Sells 3,479 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

MAI Capital Management lowered its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 0.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 960,528 shares of the company’s stock after selling 3,479 shares during the period. iShares S&P 500 Growth ETF makes up approximately 0.9% of MAI Capital Management’s holdings, making the stock its 25th biggest position. MAI Capital Management owned approximately 0.18% of iShares S&P 500 Growth ETF worth $91,971,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in IVW. Inspire Advisors LLC increased its stake in iShares S&P 500 Growth ETF by 4.4% during the third quarter. Inspire Advisors LLC now owns 2,602 shares of the company’s stock worth $249,000 after acquiring an additional 109 shares during the last quarter. Annex Advisory Services LLC raised its holdings in iShares S&P 500 Growth ETF by 2.7% during the 2nd quarter. Annex Advisory Services LLC now owns 4,165 shares of the company’s stock valued at $385,000 after buying an additional 110 shares during the period. Savvy Advisors Inc. lifted its position in iShares S&P 500 Growth ETF by 2.7% in the third quarter. Savvy Advisors Inc. now owns 4,306 shares of the company’s stock worth $412,000 after buying an additional 112 shares during the last quarter. First National Bank & Trust Co. of Newtown grew its stake in iShares S&P 500 Growth ETF by 0.6% in the 3rd quarter. First National Bank & Trust Co. of Newtown now owns 17,821 shares of the company’s stock worth $1,706,000 after acquiring an additional 115 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of iShares S&P 500 Growth ETF by 10.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,320 shares of the company’s stock worth $122,000 after acquiring an additional 120 shares during the period.

iShares S&P 500 Growth ETF Stock Down 2.0 %

IVW opened at $98.33 on Monday. The company has a market capitalization of $51.52 billion, a P/E ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 52 week low of $71.68 and a 52 week high of $101.55. The stock’s fifty day moving average is $96.26 and its two-hundred day moving average is $92.42.

iShares S&P 500 Growth ETF 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.