First Heartland Consultants Inc. Reduces Stock Position in iShares S&P 500 Growth ETF $IVW

First Heartland Consultants Inc. cut its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 19.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 144,706 shares of the company’s stock after selling 34,990 shares during the period. iShares S&P 500 Growth ETF accounts for 1.3% of First Heartland Consultants Inc.’s investment portfolio, making the stock its 13th largest holding. First Heartland Consultants Inc.’s holdings in iShares S&P 500 Growth ETF were worth $19,901,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Strive Financial Group LLC bought a new position in shares of iShares S&P 500 Growth ETF in the fourth quarter worth $26,000. Decker Retirement Planning Inc. bought a new stake in shares of iShares S&P 500 Growth ETF during the 4th quarter valued at $28,000. Financial Network Wealth Advisors LLC raised its stake in shares of iShares S&P 500 Growth ETF by 174.4% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after purchasing an additional 143 shares during the period. Turning Point Benefit Group Inc. purchased a new stake in iShares S&P 500 Growth ETF during the 3rd quarter worth about $28,000. Finally, Entrust Financial LLC bought a new position in iShares S&P 500 Growth ETF in the 4th quarter worth about $33,000.

iShares S&P 500 Growth ETF Stock Up 0.7%

IVW stock opened at $142.10 on Friday. The stock has a 50-day simple moving average of $136.32 and a two-hundred day simple moving average of $128.29. iShares S&P 500 Growth ETF has a twelve month low of $108.13 and a twelve month high of $143.26. The firm has a market capitalization of $77.58 billion, a PE ratio of 33.33 and a beta of 1.17.

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. 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.