Gallacher Capital Management LLC Sells 5,009 Shares of iShares S&P 500 Growth ETF $IVW

Gallacher Capital Management LLC cut its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 11.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,284 shares of the company’s stock after selling 5,009 shares during the period. iShares S&P 500 Growth ETF comprises 4.4% of Gallacher Capital Management LLC’s portfolio, making the stock its 2nd largest holding. Gallacher Capital Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $5,304,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of iShares S&P 500 Growth ETF by 6.6% during the 1st quarter. Bank of America Corp DE now owns 19,779,268 shares of the company’s stock valued at $2,237,233,000 after buying an additional 1,229,382 shares in the last quarter. Cetera Investment Advisers boosted its holdings in iShares S&P 500 Growth ETF by 5.4% in the 1st quarter. Cetera Investment Advisers now owns 4,754,617 shares of the company’s stock worth $537,795,000 after buying an additional 245,310 shares during the period. Lido Advisors LLC boosted its holdings in iShares S&P 500 Growth ETF by 2.3% in the 1st quarter. Lido Advisors LLC now owns 3,873,907 shares of the company’s stock worth $438,178,000 after buying an additional 85,467 shares during the period. Royal Bank of Canada boosted its holdings in iShares S&P 500 Growth ETF by 5.8% in the 1st quarter. Royal Bank of Canada now owns 3,539,621 shares of the company’s stock worth $400,576,000 after buying an additional 193,529 shares during the period. Finally, Sofi Wealth LLC increased its stake in iShares S&P 500 Growth ETF by 6.9% in the 1st quarter. Sofi Wealth LLC now owns 2,249,169 shares of the company’s stock worth $254,403,000 after buying an additional 145,081 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock opened at $134.54 on Wednesday. The stock has a fifty day simple moving average of $140.48 and a two-hundred day simple moving average of $131.97. The firm has a market capitalization of $74.78 billion, a PE ratio of 24.96 and a beta of 1.17. iShares S&P 500 Growth ETF has a 52-week low of $108.13 and a 52-week high of $146.83.

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.