Valmark Advisers Inc. Lowers Stock Position in iShares S&P 500 Growth ETF $IVW

Valmark Advisers Inc. lowered its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 7.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 632,317 shares of the company’s stock after selling 48,071 shares during the quarter. iShares S&P 500 Growth ETF comprises approximately 1.0% of Valmark Advisers Inc.’s portfolio, making the stock its 23rd biggest position. Valmark Advisers Inc. owned 0.11% of iShares S&P 500 Growth ETF worth $69,618,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IVW. Elite Financial Inc. purchased a new position in iShares S&P 500 Growth ETF during the first quarter valued at $26,000. Flaharty Asset Management LLC purchased a new position in iShares S&P 500 Growth ETF during the first quarter valued at $26,000. Mechanics Financial Corp purchased a new position in iShares S&P 500 Growth ETF during the first quarter valued at $27,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in iShares S&P 500 Growth ETF during the first quarter valued at $33,000. Finally, Cloud Capital Management LLC purchased a new position in iShares S&P 500 Growth ETF during the first quarter valued at $36,000.

iShares S&P 500 Growth ETF Trading Down 0.5%

Shares of iShares S&P 500 Growth ETF stock opened at $120.98 on Wednesday. The firm has a market capitalization of $65.98 billion, a P/E ratio of 33.33 and a beta of 1.05. The business has a fifty day simple moving average of $116.98 and a two-hundred day simple moving average of $106.74. iShares S&P 500 Growth ETF has a 12 month low of $79.31 and a 12 month high of $121.95.

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.