iShares S&P 500 Growth ETF $IVW Shares Sold by Valmark Advisers Inc.

Valmark Advisers Inc. cut its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 2.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 619,350 shares of the company’s stock after selling 12,967 shares during the quarter. iShares S&P 500 Growth ETF accounts for about 1.0% of Valmark Advisers Inc.’s portfolio, making the stock its 24th biggest position. Valmark Advisers Inc.’s holdings in iShares S&P 500 Growth ETF were worth $74,768,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in IVW. Planned Solutions Inc. lifted its stake in iShares S&P 500 Growth ETF by 6.2% during the third quarter. Planned Solutions Inc. now owns 112,685 shares of the company’s stock valued at $13,603,000 after purchasing an additional 6,605 shares during the last quarter. Evolution Wealth Management Inc. grew its position in iShares S&P 500 Growth ETF by 1.9% in the third quarter. Evolution Wealth Management Inc. now owns 5,168 shares of the company’s stock worth $624,000 after buying an additional 95 shares during the last quarter. Wingate Wealth Advisors Inc. grew its position in iShares S&P 500 Growth ETF by 3.5% in the third quarter. Wingate Wealth Advisors Inc. now owns 2,488 shares of the company’s stock worth $300,000 after buying an additional 83 shares during the last quarter. Ramiah Investment Group bought a new position in shares of iShares S&P 500 Growth ETF in the third quarter valued at $3,555,000. Finally, Ferguson Wellman Capital Management Inc. lifted its position in shares of iShares S&P 500 Growth ETF by 4.7% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 8,998 shares of the company’s stock valued at $1,086,000 after acquiring an additional 403 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Up 0.8%

IVW opened at $124.66 on Friday. The firm has a market cap of $67.34 billion, a PE ratio of 33.33 and a beta of 1.11. The business has a fifty day simple moving average of $122.93 and a 200-day simple moving average of $118.61. iShares S&P 500 Growth ETF has a fifty-two week low of $79.31 and a fifty-two week high of $126.61.

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.