Diversified Portfolios Inc. Trims Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Diversified Portfolios Inc. trimmed its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 3.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 34,712 shares of the company’s stock after selling 1,178 shares during the period. Diversified Portfolios Inc.’s holdings in iShares S&P 500 Growth ETF were worth $3,524,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 10,365.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,584,755 shares of the company’s stock valued at $151,740,000 after purchasing an additional 1,569,612 shares during the period. The Manufacturers Life Insurance Company purchased a new position in iShares S&P 500 Growth ETF in the third quarter valued at $82,464,000. Arvest Bank Trust Division acquired a new position in shares of iShares S&P 500 Growth ETF in the third quarter worth about $56,971,000. Strategic Financial Concepts LLC boosted its stake in shares of iShares S&P 500 Growth ETF by 10,066.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 425,892 shares of the company’s stock worth $479,000 after acquiring an additional 421,703 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its position in shares of iShares S&P 500 Growth ETF by 29.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 1,412,222 shares of the company’s stock valued at $140,686,000 after acquiring an additional 324,178 shares during the period.

iShares S&P 500 Growth ETF Stock Down 0.3 %

Shares of iShares S&P 500 Growth ETF stock opened at $105.28 on Wednesday. The firm has a market cap of $55.16 billion, a PE ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a twelve month low of $79.07 and a twelve month high of $107.14. The business has a 50-day moving average price of $103.70 and a 200 day moving average price of $98.02.

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.