Droms Strauss Advisors Inc. MO ADV Sells 16,861 Shares of iShares S&P 500 Growth ETF $IVW

Droms Strauss Advisors Inc. MO ADV lessened its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 6.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 231,193 shares of the company’s stock after selling 16,861 shares during the quarter. iShares S&P 500 Growth ETF comprises 8.1% of Droms Strauss Advisors Inc. MO ADV’s investment portfolio, making the stock its 3rd biggest position. Droms Strauss Advisors Inc. MO ADV’s holdings in iShares S&P 500 Growth ETF were worth $27,910,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of iShares S&P 500 Growth ETF by 329.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,708,995 shares of the company’s stock worth $188,160,000 after acquiring an additional 1,311,063 shares during the period. Thrivent Financial for Lutherans boosted its stake in iShares S&P 500 Growth ETF by 196.9% in the third quarter. Thrivent Financial for Lutherans now owns 1,441,392 shares of the company’s stock valued at $174,005,000 after buying an additional 955,862 shares in the last quarter. Laurel Wealth Advisors LLC boosted its stake in shares of iShares S&P 500 Growth ETF by 11,334.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 770,011 shares of the company’s stock valued at $84,778,000 after purchasing an additional 763,277 shares in the last quarter. EP Wealth Advisors LLC boosted its position in iShares S&P 500 Growth ETF by 487.9% in the second quarter. EP Wealth Advisors LLC now owns 679,544 shares of the company’s stock valued at $74,818,000 after buying an additional 563,960 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of iShares S&P 500 Growth ETF by 6.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,499,823 shares of the company’s stock valued at $935,874,000 after acquiring an additional 547,663 shares in the last quarter.

iShares S&P 500 Growth ETF Trading Up 0.3%

NYSEARCA:IVW opened at $124.28 on Tuesday. The stock’s 50-day moving average is $123.68 and its 200-day moving average is $120.28. iShares S&P 500 Growth ETF has a 1-year low of $79.31 and a 1-year high of $126.61. The stock has a market cap of $66.62 billion, a P/E ratio of 33.33 and a beta of 1.11.

iShares S&P 500 Growth ETF 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.