BNP Paribas Financial Markets Sells 72,791 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

BNP Paribas Financial Markets lessened its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 44.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,527 shares of the company’s stock after selling 72,791 shares during the period. BNP Paribas Financial Markets’ holdings in iShares S&P 500 Growth ETF were worth $9,090,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of IVW. Mountain Hill Investment Partners Corp. bought a new position in iShares S&P 500 Growth ETF during the 4th quarter valued at approximately $28,000. BankPlus Trust Department bought a new position in iShares S&P 500 Growth ETF during the 4th quarter valued at approximately $36,000. Hantz Financial Services Inc. bought a new position in iShares S&P 500 Growth ETF during the 4th quarter valued at approximately $40,000. Compass Financial Services Inc bought a new position in iShares S&P 500 Growth ETF during the 4th quarter valued at approximately $40,000. Finally, Bellevue Asset Management LLC bought a new position in iShares S&P 500 Growth ETF during the 4th quarter valued at approximately $42,000.

iShares S&P 500 Growth ETF Price Performance

IVW opened at $97.06 on Monday. The business has a 50 day simple moving average of $92.72 and a two-hundred day simple moving average of $98.96. The firm has a market capitalization of $52.99 billion, a price-to-earnings ratio of 29.66 and a beta of 1.12. iShares S&P 500 Growth ETF has a one year low of $79.31 and a one year high of $107.14.

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.