Interchange Capital Partners LLC Trims Position in iShares S&P 500 Growth ETF $IVW

Interchange Capital Partners LLC cut its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 21.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,710 shares of the company’s stock after selling 6,714 shares during the period. iShares S&P 500 Growth ETF accounts for approximately 0.6% of Interchange Capital Partners LLC’s portfolio, making the stock its 25th largest holding. Interchange Capital Partners LLC’s holdings in iShares S&P 500 Growth ETF were worth $3,398,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strive Financial Group LLC purchased a new position in iShares S&P 500 Growth ETF during the fourth quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new stake in iShares S&P 500 Growth ETF in the 4th quarter worth approximately $28,000. Financial Network Wealth Advisors LLC lifted its stake in iShares S&P 500 Growth ETF by 174.4% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after purchasing an additional 143 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new stake in iShares S&P 500 Growth ETF in the 3rd quarter worth approximately $28,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in iShares S&P 500 Growth ETF by 1,071.4% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 246 shares of the company’s stock valued at $34,000 after purchasing an additional 225 shares during the period.

iShares S&P 500 Growth ETF Price Performance

IVW opened at $141.49 on Thursday. The company has a fifty day moving average price of $136.34 and a 200-day moving average price of $128.73. The firm has a market capitalization of $77.25 billion, a P/E ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a one year low of $108.13 and a one year high of $143.26.

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. 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.