iShares S&P 500 Growth ETF $IVW is Modern Wealth Management LLC’s 3rd Largest Position

Modern Wealth Management LLC lowered its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,083,991 shares of the company’s stock after selling 21,396 shares during the quarter. iShares S&P 500 Growth ETF accounts for about 3.0% of Modern Wealth Management LLC’s holdings, making the stock its 3rd biggest position. Modern Wealth Management LLC owned about 0.20% of iShares S&P 500 Growth ETF worth $119,347,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Flaharty Asset Management LLC acquired a new stake in shares of iShares S&P 500 Growth ETF in the first quarter valued at approximately $26,000. Darwin Wealth Management LLC purchased a new stake in shares of iShares S&P 500 Growth ETF during the 2nd quarter worth about $30,000. Ryan Investment Management Inc. purchased a new position in shares of iShares S&P 500 Growth ETF in the 2nd quarter valued at $36,000. Morgan Dempsey Capital Management LLC acquired a new position in shares of iShares S&P 500 Growth ETF during the 2nd quarter valued at $44,000. Finally, ST Germain D J Co. Inc. boosted its position in iShares S&P 500 Growth ETF by 655.4% during the 2nd quarter. ST Germain D J Co. Inc. now owns 423 shares of the company’s stock worth $47,000 after purchasing an additional 367 shares during the period.

iShares S&P 500 Growth ETF Price Performance

Shares of IVW opened at $122.39 on Friday. iShares S&P 500 Growth ETF has a 12 month low of $79.31 and a 12 month high of $126.61. The stock’s 50-day moving average is $122.29 and its two-hundred day moving average is $116.04. The stock has a market cap of $66.44 billion, a PE ratio of 33.33 and a beta of 1.11.

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.