Fernwood Investment Management LLC Reduces Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Fernwood Investment Management LLC cut its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 43.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,076 shares of the company’s stock after selling 3,850 shares during the quarter. Fernwood Investment Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $515,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Quadrature Capital Ltd bought a new stake in shares of iShares S&P 500 Growth ETF in the third quarter worth approximately $438,000. MidWestOne Financial Group Inc. grew its holdings in iShares S&P 500 Growth ETF by 10.4% during the third quarter. MidWestOne Financial Group Inc. now owns 4,435 shares of the company’s stock valued at $425,000 after purchasing an additional 419 shares during the period. Sunbelt Securities Inc. increased its position in iShares S&P 500 Growth ETF by 1.5% in the third quarter. Sunbelt Securities Inc. now owns 183,514 shares of the company’s stock worth $17,572,000 after buying an additional 2,728 shares in the last quarter. Hobbs Group Advisors LLC raised its stake in shares of iShares S&P 500 Growth ETF by 19.6% in the third quarter. Hobbs Group Advisors LLC now owns 1,335 shares of the company’s stock worth $128,000 after buying an additional 219 shares during the period. Finally, TD Private Client Wealth LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 6.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 333,444 shares of the company’s stock valued at $31,927,000 after buying an additional 18,788 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Down 1.3 %

NYSEARCA IVW opened at $82.96 on Wednesday. The business has a 50-day moving average price of $98.11 and a 200-day moving average price of $99.56. The firm has a market cap of $45.67 billion, a price-to-earnings ratio of 30.22 and a beta of 1.08. iShares S&P 500 Growth ETF has a twelve month low of $79.07 and a twelve month high of $107.14.

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.