Axxcess Wealth Management LLC Lowers Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Axxcess Wealth Management LLC decreased its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 44.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,163 shares of the company’s stock after selling 7,191 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $774,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Watershed Private Wealth LLC raised its holdings in iShares S&P 500 Growth ETF by 3.6% in the fourth quarter. Watershed Private Wealth LLC now owns 52,774 shares of the company’s stock valued at $3,963,000 after acquiring an additional 1,820 shares in the last quarter. Financial Perspectives Inc raised its holdings in iShares S&P 500 Growth ETF by 2.5% in the fourth quarter. Financial Perspectives Inc now owns 90,929 shares of the company’s stock valued at $6,829,000 after acquiring an additional 2,209 shares in the last quarter. Spire Wealth Management raised its holdings in iShares S&P 500 Growth ETF by 8.2% in the fourth quarter. Spire Wealth Management now owns 201,322 shares of the company’s stock valued at $15,623,000 after acquiring an additional 15,270 shares in the last quarter. Paradigm Strategies in Wealth Management LLC acquired a new stake in iShares S&P 500 Growth ETF in the fourth quarter valued at approximately $205,000. Finally, Gimbal Financial acquired a new stake in iShares S&P 500 Growth ETF during the fourth quarter worth approximately $12,588,000.

iShares S&P 500 Growth ETF Stock Performance

IVW stock traded up $0.82 during midday trading on Friday, reaching $89.90. 2,342,034 shares of the company were exchanged, compared to its average volume of 3,284,792. iShares S&P 500 Growth ETF has a 1-year low of $65.53 and a 1-year high of $97.22. The stock’s 50-day simple moving average is $91.42 and its 200 day simple moving average is $85.08. The company has a market cap of $47.10 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14.

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.