iShares S&P 500 Growth ETF $IVW Stock Position Lowered by Security Financial Services INC.

Security Financial Services INC. trimmed its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 3.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 236,000 shares of the company’s stock after selling 8,403 shares during the period. iShares S&P 500 Growth ETF accounts for about 4.6% of Security Financial Services INC.’s investment portfolio, making the stock its 3rd largest position. Security Financial Services INC.’s holdings in iShares S&P 500 Growth ETF were worth $28,490,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Darwin Wealth Management LLC acquired a new stake in shares of iShares S&P 500 Growth ETF in the second quarter valued at approximately $30,000. Flaharty Asset Management LLC purchased a new stake in iShares S&P 500 Growth ETF in the 1st quarter valued at approximately $26,000. Ryan Investment Management Inc. acquired a new stake in iShares S&P 500 Growth ETF during the 2nd quarter valued at $36,000. Morgan Dempsey Capital Management LLC purchased a new position in iShares S&P 500 Growth ETF during the second quarter worth $44,000. Finally, ST Germain D J Co. Inc. raised its holdings in shares of iShares S&P 500 Growth ETF by 655.4% in the second quarter. ST Germain D J Co. Inc. now owns 423 shares of the company’s stock worth $47,000 after acquiring an additional 367 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Up 0.7%

Shares of NYSEARCA:IVW opened at $123.67 on Tuesday. The company has a market capitalization of $67.13 billion, a P/E ratio of 33.33 and a beta of 1.11. iShares S&P 500 Growth ETF has a 52-week low of $79.31 and a 52-week high of $126.61. The stock’s fifty day simple moving average is $122.40 and its 200-day simple moving average is $116.95.

iShares S&P 500 Growth ETF Profile

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. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.