Modera Wealth Management LLC Cuts Stock Position in iShares S&P 500 Growth ETF $IVW

Modera Wealth Management LLC decreased its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 0.8% during the third quarter, HoldingsChannel.com reports. The firm owned 714,830 shares of the company’s stock after selling 6,120 shares during the quarter. iShares S&P 500 Growth ETF makes up about 1.0% of Modera Wealth Management LLC’s holdings, making the stock its 26th biggest holding. Modera Wealth Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $86,294,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Davis Capital Management purchased a new stake in shares of iShares S&P 500 Growth ETF during the 3rd quarter valued at $28,000. Darwin Wealth Management LLC acquired a new stake in shares of iShares S&P 500 Growth ETF during the second quarter worth $30,000. Financial Consulate Inc. acquired a new stake in shares of iShares S&P 500 Growth ETF during the 3rd quarter valued at about $41,000. Morgan Dempsey Capital Management LLC acquired a new stake in iShares S&P 500 Growth ETF during the 2nd quarter worth $44,000. Finally, ST Germain D J Co. Inc. lifted its position in iShares S&P 500 Growth ETF by 655.4% during the second quarter. ST Germain D J Co. Inc. now owns 423 shares of the company’s stock worth $47,000 after buying an additional 367 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock opened at $123.52 on Friday. The company has a 50 day moving average price of $123.03 and a 200 day moving average price of $119.58. The stock has a market capitalization of $66.28 billion, a P/E ratio of 33.33 and a beta of 1.11. 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.