MV Capital Management Inc. Decreases Stock Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

MV Capital Management Inc. cut its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 359,788 shares of the company’s stock after selling 5,040 shares during the period. iShares S&P 500 Growth ETF comprises 3.5% of MV Capital Management Inc.’s portfolio, making the stock its 6th largest holding. MV Capital Management Inc. owned approximately 0.07% of iShares S&P 500 Growth ETF worth $30,381,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IVW. Capital Advisors Ltd. LLC grew its stake in iShares S&P 500 Growth ETF by 1.6% during the first quarter. Capital Advisors Ltd. LLC now owns 156,091 shares of the company’s stock valued at $13,180,000 after acquiring an additional 2,500 shares in the last quarter. Exchange Capital Management Inc. purchased a new position in iShares S&P 500 Growth ETF during the first quarter valued at $234,000. Iams Wealth Management LLC grew its stake in iShares S&P 500 Growth ETF by 30.9% during the first quarter. Iams Wealth Management LLC now owns 23,977 shares of the company’s stock valued at $1,970,000 after acquiring an additional 5,661 shares in the last quarter. Park Place Capital Corp grew its stake in iShares S&P 500 Growth ETF by 0.9% during the first quarter. Park Place Capital Corp now owns 58,785 shares of the company’s stock valued at $4,964,000 after acquiring an additional 506 shares in the last quarter. Finally, Claro Advisors LLC grew its stake in iShares S&P 500 Growth ETF by 27.2% during the first quarter. Claro Advisors LLC now owns 12,882 shares of the company’s stock valued at $1,088,000 after acquiring an additional 2,756 shares in the last quarter.

iShares S&P 500 Growth ETF Price Performance

Shares of iShares S&P 500 Growth ETF stock traded up $0.79 during trading on Tuesday, hitting $94.02. The stock had a trading volume of 1,977,470 shares, compared to its average volume of 3,377,834. The firm’s fifty day simple moving average is $87.55 and its 200-day simple moving average is $82.73. The stock has a market cap of $49.26 billion, a PE ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 12 month low of $65.53 and a 12 month high of $94.17.

iShares S&P 500 Growth ETF Company 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.