Comerica Bank Decreases Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Comerica Bank reduced its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 3.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 989,191 shares of the company’s stock after selling 33,616 shares during the quarter. Comerica Bank’s holdings in iShares S&P 500 Growth ETF were worth $100,433,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in IVW. Strategic Financial Concepts LLC grew its stake in 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 valued at $479,000 after purchasing an additional 421,703 shares during the last quarter. Advyzon Investment Management LLC acquired a new stake in shares of iShares S&P 500 Growth ETF during the fourth quarter worth about $420,000. Inlight Wealth Management LLC purchased a new stake in iShares S&P 500 Growth ETF in the fourth quarter valued at approximately $211,000. Encompass Wealth Advisors LLC increased its holdings in iShares S&P 500 Growth ETF by 2.0% in the 4th quarter. Encompass Wealth Advisors LLC now owns 367,564 shares of the company’s stock worth $37,319,000 after buying an additional 7,349 shares during the period. Finally, Amundi raised its position in iShares S&P 500 Growth ETF by 464.0% during the 4th quarter. Amundi now owns 13,711 shares of the company’s stock worth $1,392,000 after buying an additional 11,280 shares during the last quarter.

iShares S&P 500 Growth ETF Price Performance

IVW stock opened at $94.68 on Wednesday. The company has a market capitalization of $51.58 billion, a P/E ratio of 28.32 and a beta of 1.12. iShares S&P 500 Growth ETF has a 12 month low of $79.31 and a 12 month high of $107.14. The firm’s fifty day simple moving average is $93.40 and its 200-day simple moving average is $98.99.

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.