Morris Financial Concepts Inc. Has $4.32 Million Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Morris Financial Concepts Inc. decreased its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 42,538 shares of the company’s stock after selling 290 shares during the period. iShares S&P 500 Growth ETF comprises about 1.9% of Morris Financial Concepts Inc.’s investment portfolio, making the stock its 12th largest holding. Morris Financial Concepts Inc.’s holdings in iShares S&P 500 Growth ETF were worth $4,319,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of IVW. Hantz Financial Services Inc. bought a new position in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at about $40,000. Compass Financial Services Inc acquired a new position in iShares S&P 500 Growth ETF in the fourth quarter valued at approximately $40,000. POM Investment Strategies LLC boosted its stake in iShares S&P 500 Growth ETF by 194.8% in the fourth quarter. POM Investment Strategies LLC now owns 457 shares of the company’s stock valued at $46,000 after acquiring an additional 302 shares during the last quarter. Element Wealth LLC grew its holdings in iShares S&P 500 Growth ETF by 31.1% during the 3rd quarter. Element Wealth LLC now owns 577 shares of the company’s stock worth $55,000 after acquiring an additional 137 shares during the period. Finally, Valued Wealth Advisors LLC raised its position in shares of iShares S&P 500 Growth ETF by 160.2% during the 3rd quarter. Valued Wealth Advisors LLC now owns 601 shares of the company’s stock valued at $58,000 after acquiring an additional 370 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Down 0.2 %

NYSEARCA:IVW opened at $105.05 on Thursday. iShares S&P 500 Growth ETF has a 12-month low of $79.07 and a 12-month high of $107.14. The stock’s fifty day simple moving average is $103.70 and its 200-day simple moving average is $98.02. The firm has a market capitalization of $55.04 billion, a P/E ratio of 28.52 and a beta of 1.14.

iShares S&P 500 Growth ETF 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.