iShares S&P 500 Growth ETF $IVW Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC cut its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 98.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 17,760 shares of the company’s stock after selling 874,829 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in iShares S&P 500 Growth ETF were worth $2,189,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Focus Partners Wealth lifted its position in iShares S&P 500 Growth ETF by 81.0% in the fourth quarter. Focus Partners Wealth now owns 1,920,546 shares of the company’s stock valued at $236,725,000 after buying an additional 859,584 shares during the last quarter. Valpey Financial Services LLC boosted its stake in iShares S&P 500 Growth ETF by 11,889.3% during the fourth quarter. Valpey Financial Services LLC now owns 712,286 shares of the company’s stock worth $87,796,000 after buying an additional 706,345 shares during the period. Align Financial LLC acquired a new stake in shares of iShares S&P 500 Growth ETF during the fourth quarter valued at about $49,180,000. MML Investors Services LLC raised its stake in shares of iShares S&P 500 Growth ETF by 10.9% in the 4th quarter. MML Investors Services LLC now owns 3,645,204 shares of the company’s stock valued at $449,308,000 after acquiring an additional 358,496 shares during the period. Finally, LPL Financial LLC raised its stake in shares of iShares S&P 500 Growth ETF by 1.8% in the 4th quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock valued at $2,442,579,000 after acquiring an additional 357,495 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock opened at $137.96 on Friday. The firm has a market cap of $74.77 billion, a P/E ratio of 33.33 and a beta of 1.17. The firm’s 50 day moving average price is $133.56 and its 200-day moving average price is $125.28. iShares S&P 500 Growth ETF has a one year low of $104.21 and a one year high of $141.98.

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.