iShares S&P 500 Growth ETF $IVW Shares Sold by M1 Capital Management LLC

M1 Capital Management LLC cut its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 12.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,929 shares of the company’s stock after selling 21,409 shares during the quarter. iShares S&P 500 Growth ETF comprises 8.4% of M1 Capital Management LLC’s portfolio, making the stock its biggest position. M1 Capital Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $16,617,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC acquired a new stake in iShares S&P 500 Growth ETF during the first quarter worth about $26,000. Elite Financial Inc. acquired a new stake in iShares S&P 500 Growth ETF during the first quarter worth about $26,000. Mechanics Financial Corp acquired a new stake in iShares S&P 500 Growth ETF during the first quarter worth about $27,000. Ryan Investment Management Inc. acquired a new stake in iShares S&P 500 Growth ETF during the second quarter worth about $36,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in iShares S&P 500 Growth ETF during the first quarter worth about $33,000.

iShares S&P 500 Growth ETF Price Performance

Shares of NYSEARCA:IVW opened at $122.06 on Friday. iShares S&P 500 Growth ETF has a 12 month low of $79.31 and a 12 month high of $122.24. The firm has a market capitalization of $66.47 billion, a PE ratio of 33.33 and a beta of 1.05. The business has a 50-day moving average of $117.30 and a two-hundred day moving average of $107.01.

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.