Cary Street Partners Investment Advisory LLC Sells 3,076 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Cary Street Partners Investment Advisory LLC reduced its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 10.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 25,019 shares of the company’s stock after selling 3,076 shares during the period. Cary Street Partners Investment Advisory LLC’s holdings in iShares S&P 500 Growth ETF were worth $1,879,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in IVW. Envestnet Asset Management Inc. increased its stake in shares of iShares S&P 500 Growth ETF by 54.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 21,690,571 shares of the company’s stock worth $1,484,069,000 after purchasing an additional 7,681,845 shares during the last quarter. LPL Financial LLC grew its holdings in iShares S&P 500 Growth ETF by 35.1% during the third quarter. LPL Financial LLC now owns 7,697,945 shares of the company’s stock valued at $526,693,000 after purchasing an additional 1,998,078 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in iShares S&P 500 Growth ETF in the third quarter worth $133,439,000. Morgan Stanley lifted its position in shares of iShares S&P 500 Growth ETF by 5.5% during the 3rd quarter. Morgan Stanley now owns 29,378,514 shares of the company’s stock valued at $2,010,078,000 after buying an additional 1,542,503 shares during the last quarter. Finally, Comerica Bank purchased a new stake in iShares S&P 500 Growth ETF in the 3rd quarter worth about $75,684,000.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA IVW traded down $0.71 during trading on Tuesday, hitting $82.03. 768,123 shares of the company’s stock traded hands, compared to its average volume of 3,536,999. The stock has a market capitalization of $42.84 billion, a price-to-earnings ratio of 27.41 and a beta of 1.12. The business has a 50 day moving average of $83.06 and a 200-day moving average of $77.21. iShares S&P 500 Growth ETF has a 12-month low of $63.19 and a 12-month high of $85.56.

About iShares S&P 500 Growth ETF

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.