iShares S&P 500 Growth ETF $IVW Stock Sold by Royal Fund Management LLC

Royal Fund Management LLC lowered its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 76.1% during the third quarter, HoldingsChannel.com reports. The firm owned 35,121 shares of the company’s stock after selling 111,557 shares during the quarter. Royal Fund Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $4,996,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IVW. Bank of America Corp DE increased its position in iShares S&P 500 Growth ETF by 6.6% in the 1st quarter. Bank of America Corp DE now owns 19,779,268 shares of the company’s stock worth $2,237,233,000 after purchasing an additional 1,229,382 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of iShares S&P 500 Growth ETF by 5.4% during the 1st quarter. Cetera Investment Advisers now owns 4,754,617 shares of the company’s stock worth $537,795,000 after purchasing an additional 245,310 shares in the last quarter. Lido Advisors LLC lifted its holdings in shares of iShares S&P 500 Growth ETF by 2.3% during the 1st quarter. Lido Advisors LLC now owns 3,873,907 shares of the company’s stock valued at $438,178,000 after buying an additional 85,467 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of iShares S&P 500 Growth ETF by 5.8% during the 1st quarter. Royal Bank of Canada now owns 3,539,621 shares of the company’s stock valued at $400,576,000 after buying an additional 193,529 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of iShares S&P 500 Growth ETF by 9.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,416,574 shares of the company’s stock valued at $273,339,000 after buying an additional 211,952 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA IVW opened at $137.20 on Friday. The stock has a market cap of $75.90 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. The business has a 50 day simple moving average of $140.96 and a 200 day simple moving average of $136.64. iShares S&P 500 Growth ETF has a 52 week low of $108.13 and a 52 week high of $146.83.

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.