Kelly Financial Services LLC Reduces Holdings in iShares S&P 500 Growth ETF $IVW

Kelly Financial Services LLC lowered its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 179,795 shares of the company’s stock after selling 6,412 shares during the quarter. iShares S&P 500 Growth ETF makes up about 5.6% of Kelly Financial Services LLC’s investment portfolio, making the stock its 4th largest holding. Kelly Financial Services LLC’s holdings in iShares S&P 500 Growth ETF were worth $21,705,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of IVW. Russell Investments Group Ltd. raised its holdings in shares of iShares S&P 500 Growth ETF by 551.7% in the 1st quarter. Russell Investments Group Ltd. now owns 5,285 shares of the company’s stock valued at $491,000 after purchasing an additional 4,474 shares during the period. Northern Trust Corp raised its stake in iShares S&P 500 Growth ETF by 0.3% in the first quarter. Northern Trust Corp now owns 734,740 shares of the company’s stock valued at $68,206,000 after buying an additional 2,079 shares during the period. Quantbot Technologies LP acquired a new stake in shares of iShares S&P 500 Growth ETF in the first quarter valued at approximately $56,000. Redwood Investment Management LLC lifted its position in shares of iShares S&P 500 Growth ETF by 3.5% in the first quarter. Redwood Investment Management LLC now owns 33,647 shares of the company’s stock valued at $3,123,000 after buying an additional 1,144 shares during the last quarter. Finally, Ieq Capital LLC increased its holdings in shares of iShares S&P 500 Growth ETF by 71.6% during the 1st quarter. Ieq Capital LLC now owns 261,313 shares of the company’s stock worth $24,258,000 after acquiring an additional 109,051 shares during the last quarter.

iShares S&P 500 Growth ETF Price Performance

Shares of iShares S&P 500 Growth ETF stock opened at $124.67 on Wednesday. The business has a fifty day simple moving average of $122.50 and a two-hundred day simple moving average of $117.09. iShares S&P 500 Growth ETF has a 1 year low of $79.31 and a 1 year high of $126.61. The company has a market capitalization of $67.68 billion, a price-to-earnings ratio of 33.33 and a beta of 1.11.

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.