Arcadia Investment Advisors LLC Sells 578 Shares of iShares S&P 500 Growth ETF $IVW

Arcadia Investment Advisors LLC lowered its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 4.5% during the second quarter, HoldingsChannel reports. The fund owned 12,230 shares of the company’s stock after selling 578 shares during the quarter. iShares S&P 500 Growth ETF comprises about 0.7% of Arcadia Investment Advisors LLC’s portfolio, making the stock its 27th largest holding. Arcadia Investment Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $1,347,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in iShares S&P 500 Growth ETF by 5.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 48,079,544 shares of the company’s stock valued at $4,463,224,000 after buying an additional 2,350,072 shares during the last quarter. LPL Financial LLC increased its position in iShares S&P 500 Growth ETF by 5.5% in the 1st quarter. LPL Financial LLC now owns 18,929,345 shares of the company’s stock valued at $1,757,211,000 after acquiring an additional 988,955 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of iShares S&P 500 Growth ETF by 4.4% during the first quarter. Goldman Sachs Group Inc. now owns 6,639,595 shares of the company’s stock valued at $616,354,000 after acquiring an additional 279,859 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of iShares S&P 500 Growth ETF by 4.3% during the first quarter. Commonwealth Equity Services LLC now owns 3,533,251 shares of the company’s stock worth $327,992,000 after purchasing an additional 147,169 shares during the period. Finally, Cetera Investment Advisers increased its holdings in iShares S&P 500 Growth ETF by 7.9% in the first quarter. Cetera Investment Advisers now owns 3,465,787 shares of the company’s stock valued at $321,729,000 after purchasing an additional 253,383 shares during the period.

iShares S&P 500 Growth ETF Trading Up 0.5%

Shares of IVW opened at $121.64 on Tuesday. The stock’s 50-day moving average price is $116.83 and its two-hundred day moving average price is $106.64. iShares S&P 500 Growth ETF has a 12 month low of $79.31 and a 12 month high of $121.92. The company has a market capitalization of $66.34 billion, a PE ratio of 33.33 and a beta of 1.05.

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.