Lbmc Investment Advisors LLC Sells 5,295 Shares of iShares S&P 500 Growth ETF $IVW

Lbmc Investment Advisors LLC cut its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,137 shares of the company’s stock after selling 5,295 shares during the period. iShares S&P 500 Growth ETF makes up 0.9% of Lbmc Investment Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. Lbmc Investment Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $14,865,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IVW. Acropolis Investment Management LLC raised its holdings in iShares S&P 500 Growth ETF by 2.3% in the 3rd quarter. Acropolis Investment Management LLC now owns 158,497 shares of the company’s stock worth $17,450,000 after acquiring an additional 3,492 shares during the period. ST Germain D J Co. Inc. lifted its position in iShares S&P 500 Growth ETF by 695.0% in the third quarter. ST Germain D J Co. Inc. now owns 3,363 shares of the company’s stock worth $406,000 after purchasing an additional 2,940 shares during the period. Family Legacy Financial Solutions LLC boosted its position in shares of iShares S&P 500 Growth ETF by 940.5% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 770 shares of the company’s stock valued at $93,000 after acquiring an additional 696 shares in the last quarter. EWG Elevate Inc. raised its holdings in shares of iShares S&P 500 Growth ETF by 1,262.1% in the 3rd quarter. EWG Elevate Inc. now owns 46,501 shares of the company’s stock worth $5,614,000 after buying an additional 43,087 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. lifted its holdings in shares of iShares S&P 500 Growth ETF by 2.5% during the third quarter. Canandaigua National Bank & Trust Co. now owns 5,398 shares of the company’s stock valued at $652,000 after acquiring an additional 131 shares during the period.

iShares S&P 500 Growth ETF Stock Down 1.9%

NYSEARCA:IVW opened at $119.77 on Thursday. The company’s 50-day moving average price is $122.27 and its two-hundred day moving average price is $116.50. iShares S&P 500 Growth ETF has a 12 month low of $79.31 and a 12 month high of $126.61. The firm has a market cap of $65.02 billion, a PE ratio of 33.33 and a beta of 1.11.

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.