Corundum Group Inc. Cuts Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Corundum Group Inc. reduced its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,765 shares of the company’s stock after selling 659 shares during the period. iShares S&P 500 Growth ETF makes up 1.0% of Corundum Group Inc.’s portfolio, making the stock its 24th biggest position. Corundum Group Inc.’s holdings in iShares S&P 500 Growth ETF were worth $2,477,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of IVW. Goodwin Investment Advisory purchased a new stake in shares of iShares S&P 500 Growth ETF in the fourth quarter worth $29,000. CarsonAllaria Wealth Management Ltd. lifted its holdings in shares of iShares S&P 500 Growth ETF by 45.5% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 400 shares of the company’s stock valued at $34,000 after purchasing an additional 125 shares in the last quarter. Northwest Financial Advisors bought a new position in shares of iShares S&P 500 Growth ETF during the fourth quarter valued at $38,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of iShares S&P 500 Growth ETF by 91.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 417 shares of the company’s stock valued at $39,000 after purchasing an additional 199 shares in the last quarter. Finally, Avondale Wealth Management lifted its holdings in shares of iShares S&P 500 Growth ETF by 56.1% during the second quarter. Avondale Wealth Management now owns 434 shares of the company’s stock valued at $40,000 after purchasing an additional 156 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA:IVW traded up $1.91 during midday trading on Thursday, reaching $92.57. 1,296,809 shares of the company’s stock traded hands, compared to its average volume of 3,243,829. The company has a market cap of $48.50 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a one year low of $65.53 and a one year high of $97.22. The stock has a 50 day moving average of $91.81 and a 200 day moving average of $86.34.

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.