HighTower Advisors LLC Sells 28,917 Shares of iShares S&P 500 Growth ETF $IVW

HighTower Advisors LLC reduced its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,021,788 shares of the company’s stock after selling 28,917 shares during the period. HighTower Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $278,056,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of IVW. Ameritas Advisory Services LLC raised its position in shares of iShares S&P 500 Growth ETF by 121.8% in the 2nd quarter. Ameritas Advisory Services LLC now owns 170,648 shares of the company’s stock worth $23,469,000 after purchasing an additional 93,710 shares during the last quarter. Straight Path Wealth Management purchased a new stake in iShares S&P 500 Growth ETF during the 2nd quarter valued at about $286,000. Kintra Wealth LLC purchased a new stake in iShares S&P 500 Growth ETF during the 2nd quarter valued at about $290,000. Morling Financial Advisors LLC increased its stake in iShares S&P 500 Growth ETF by 344.0% during the 2nd quarter. Morling Financial Advisors LLC now owns 1,039 shares of the company’s stock valued at $143,000 after purchasing an additional 805 shares in the last quarter. Finally, Endeavor Private Wealth Inc. raised its holdings in iShares S&P 500 Growth ETF by 0.3% in the second quarter. Endeavor Private Wealth Inc. now owns 80,728 shares of the company’s stock worth $11,103,000 after buying an additional 224 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of iShares S&P 500 Growth ETF stock opened at $140.55 on Monday. The company has a 50-day simple moving average of $137.80 and a two-hundred day simple moving average of $130.83. The stock has a market capitalization of $76.73 billion, a PE ratio of 33.33 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 $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.