Waverly Advisors LLC Cuts Stake in iShares S&P 500 Growth ETF $IVW

Waverly Advisors LLC lowered its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 3.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 196,898 shares of the company’s stock after selling 6,126 shares during the quarter. Waverly Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $27,079,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strive Financial Group LLC purchased a new stake in shares of iShares S&P 500 Growth ETF during the fourth quarter worth approximately $26,000. Financial Network Wealth Advisors LLC grew its stake in shares of iShares S&P 500 Growth ETF by 174.4% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after purchasing an additional 143 shares in the last quarter. Turning Point Benefit Group Inc. acquired a new stake in iShares S&P 500 Growth ETF in the third quarter valued at $28,000. First Pacific Financial purchased a new position in shares of iShares S&P 500 Growth ETF in the 2nd quarter valued at about $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of iShares S&P 500 Growth ETF by 1,071.4% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 246 shares of the company’s stock worth $34,000 after acquiring an additional 225 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock traded down $0.73 during mid-day trading on Tuesday, hitting $139.82. 1,228,709 shares of the stock were exchanged, compared to its average volume of 3,238,080. The stock’s fifty day simple moving average is $137.95 and its two-hundred day simple moving average is $131.12. The stock has a market capitalization of $76.33 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a 12-month low of $108.13 and a 12-month high of $143.26.

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.