SPC Financial Inc. Lowers Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

SPC Financial Inc. reduced its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 5.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 240,433 shares of the company’s stock after selling 14,364 shares during the period. iShares S&P 500 Growth ETF makes up approximately 2.0% of SPC Financial Inc.’s portfolio, making the stock its 13th biggest position. SPC Financial Inc.’s holdings in iShares S&P 500 Growth ETF were worth $23,021,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of IVW. Envestnet Asset Management Inc. raised its holdings in shares of iShares S&P 500 Growth ETF by 47.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 49,022,359 shares of the company’s stock valued at $4,536,529,000 after purchasing an additional 15,673,824 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in iShares S&P 500 Growth ETF by 1.5% in the first quarter. JPMorgan Chase & Co. now owns 46,660,015 shares of the company’s stock valued at $3,939,972,000 after acquiring an additional 709,113 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of iShares S&P 500 Growth ETF by 35.2% in the 2nd quarter. LPL Financial LLC now owns 15,426,906 shares of the company’s stock valued at $1,427,606,000 after purchasing an additional 4,015,007 shares during the last quarter. Ameriprise Financial Inc. grew its position in iShares S&P 500 Growth ETF by 6.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,363,062 shares of the company’s stock worth $680,575,000 after purchasing an additional 467,356 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of iShares S&P 500 Growth ETF by 60.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,371,552 shares of the company’s stock worth $589,623,000 after buying an additional 2,404,544 shares during the period.

iShares S&P 500 Growth ETF Price Performance

Shares of NYSEARCA IVW opened at $96.86 on Thursday. iShares S&P 500 Growth ETF has a 1-year low of $65.53 and a 1-year high of $98.05. The company has a market cap of $50.74 billion, a PE ratio of 28.52 and a beta of 1.14. The stock has a fifty day moving average price of $93.34 and a 200 day moving average price of $89.94.

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.