iShares S&P 500 Growth ETF $IVW Stake Cut by Ironwood Wealth Management LLC.

Ironwood Wealth Management LLC. lowered its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 5.1% in the 3rd quarter, Holdings Channel reports. The firm owned 162,283 shares of the company’s stock after selling 8,701 shares during the quarter. iShares S&P 500 Growth ETF accounts for approximately 6.6% of Ironwood Wealth Management LLC.’s portfolio, making the stock its 5th largest position. Ironwood Wealth Management LLC.’s holdings in iShares S&P 500 Growth ETF were worth $19,591,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Flaharty Asset Management LLC bought a new position in shares of iShares S&P 500 Growth ETF in the first quarter valued at approximately $26,000. Davis Capital Management bought a new stake in iShares S&P 500 Growth ETF during the 3rd quarter worth approximately $28,000. Darwin Wealth Management LLC bought a new stake in iShares S&P 500 Growth ETF during the 2nd quarter worth approximately $30,000. Ryan Investment Management Inc. purchased a new stake in iShares S&P 500 Growth ETF in the 2nd quarter worth approximately $36,000. Finally, Financial Consulate Inc. bought a new position in iShares S&P 500 Growth ETF in the 3rd quarter valued at $41,000.

iShares S&P 500 Growth ETF Price Performance

IVW opened at $124.46 on Wednesday. The firm has a market capitalization of $67.21 billion, a P/E ratio of 33.33 and a beta of 1.11. iShares S&P 500 Growth ETF has a one year low of $79.31 and a one year high of $126.61. The company has a fifty day moving average price of $122.97 and a 200-day moving average price of $118.40.

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. 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.