Flagship Wealth Advisors LLC Decreases Holdings in iShares S&P 500 Growth ETF $IVW

Flagship Wealth Advisors LLC lessened its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 34.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 34,145 shares of the company’s stock after selling 17,795 shares during the quarter. iShares S&P 500 Growth ETF makes up about 1.5% of Flagship Wealth Advisors LLC’s portfolio, making the stock its 20th largest position. Flagship Wealth Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $3,759,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Decker Wealth Management LLC bought a new stake in shares of iShares S&P 500 Growth ETF in the first quarter valued at $2,991,000. Chatterton & Associates Inc. lifted its position in shares of iShares S&P 500 Growth ETF by 33.5% during the 1st quarter. Chatterton & Associates Inc. now owns 44,180 shares of the company’s stock valued at $5,306,000 after buying an additional 11,089 shares during the last quarter. Summit Financial Consulting LLC grew its stake in shares of iShares S&P 500 Growth ETF by 9.4% during the 4th quarter. Summit Financial Consulting LLC now owns 60,751 shares of the company’s stock worth $7,488,000 after acquiring an additional 5,199 shares during the period. Lansing Street Advisors grew its stake in shares of iShares S&P 500 Growth ETF by 5.8% during the 4th quarter. Lansing Street Advisors now owns 142,692 shares of the company’s stock worth $17,588,000 after acquiring an additional 7,845 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of iShares S&P 500 Growth ETF by 31.8% during the 4th quarter. Farther Finance Advisors LLC now owns 386,527 shares of the company’s stock worth $47,643,000 after acquiring an additional 93,161 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW opened at $135.25 on Friday. iShares S&P 500 Growth ETF has a fifty-two week low of $108.13 and a fifty-two week high of $141.98. The business has a 50-day moving average of $136.10 and a 200 day moving average of $127.71. The firm has a market cap of $73.85 billion, a P/E ratio of 33.33 and a beta of 1.17.

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.