USA Financial Formulas Reduces Stake in iShares S&P 500 Growth ETF $IVW

USA Financial Formulas decreased its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 4.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 524,309 shares of the company’s stock after selling 23,153 shares during the period. iShares S&P 500 Growth ETF comprises 11.8% of USA Financial Formulas’ investment portfolio, making the stock its 4th largest position. USA Financial Formulas’ holdings in iShares S&P 500 Growth ETF were worth $64,626,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in IVW. Davis Capital Management bought a new position in iShares S&P 500 Growth ETF in the 3rd quarter valued at approximately $28,000. Turning Point Benefit Group Inc. bought a new stake in shares of iShares S&P 500 Growth ETF in the 3rd quarter worth $28,000. Darwin Wealth Management LLC bought a new stake in shares of iShares S&P 500 Growth ETF in the 2nd quarter worth $30,000. Howe & Rusling Inc. raised its stake in shares of iShares S&P 500 Growth ETF by 484.1% in the third quarter. Howe & Rusling Inc. now owns 257 shares of the company’s stock worth $31,000 after purchasing an additional 213 shares during the last quarter. Finally, Ransom Advisory Ltd purchased a new position in shares of iShares S&P 500 Growth ETF in the fourth quarter worth $37,000.

iShares S&P 500 Growth ETF Price Performance

Shares of NYSEARCA:IVW opened at $109.59 on Friday. iShares S&P 500 Growth ETF has a 1 year low of $79.31 and a 1 year high of $126.61. The company has a market cap of $58.83 billion, a P/E ratio of 33.33 and a beta of 1.11. The stock’s fifty day moving average price is $119.83 and its 200-day moving average price is $121.39.

iShares S&P 500 Growth ETF Company 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.