Rodgers & Associates LTD Decreases Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Rodgers & Associates LTD lessened its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 5.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 169,549 shares of the company’s stock after selling 8,929 shares during the quarter. iShares S&P 500 Growth ETF comprises about 2.1% of Rodgers & Associates LTD’s investment portfolio, making the stock its 15th biggest holding. Rodgers & Associates LTD’s holdings in iShares S&P 500 Growth ETF were worth $17,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC raised its stake in iShares S&P 500 Growth ETF by 10,365.3% during the third quarter. International Assets Investment Management LLC now owns 1,584,755 shares of the company’s stock valued at $151,740,000 after purchasing an additional 1,569,612 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of iShares S&P 500 Growth ETF during the 2nd quarter valued at about $100,688,000. The Manufacturers Life Insurance Company bought a new position in shares of iShares S&P 500 Growth ETF in the 3rd quarter valued at about $82,464,000. Cetera Investment Advisers grew its position in iShares S&P 500 Growth ETF by 30.5% in the second quarter. Cetera Investment Advisers now owns 3,320,633 shares of the company’s stock worth $307,291,000 after acquiring an additional 775,318 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in iShares S&P 500 Growth ETF by 87.6% during the second quarter. NewEdge Advisors LLC now owns 1,485,754 shares of the company’s stock worth $137,492,000 after acquiring an additional 693,848 shares during the last quarter.

iShares S&P 500 Growth ETF Price Performance

NYSEARCA:IVW opened at $106.79 on Friday. The firm has a market capitalization of $55.95 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. The business has a 50 day simple moving average of $102.39 and a 200-day simple moving average of $96.91. iShares S&P 500 Growth ETF has a 1 year low of $77.20 and a 1 year high of $106.65.

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.