Rodgers & Associates LTD Sells 12,649 Shares of iShares S&P 500 Growth ETF $IVW

Rodgers & Associates LTD trimmed its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 7.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,746 shares of the company’s stock after selling 12,649 shares during the quarter. iShares S&P 500 Growth ETF comprises approximately 1.8% of Rodgers & Associates LTD’s investment portfolio, making the stock its 21st biggest position. Rodgers & Associates LTD’s holdings in iShares S&P 500 Growth ETF were worth $16,707,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its position in iShares S&P 500 Growth ETF by 5.1% during the first quarter. Envestnet Asset Management Inc. now owns 48,079,544 shares of the company’s stock worth $4,463,224,000 after purchasing an additional 2,350,072 shares during the period. LPL Financial LLC boosted its position in shares of iShares S&P 500 Growth ETF by 5.5% in the first quarter. LPL Financial LLC now owns 18,929,345 shares of the company’s stock valued at $1,757,211,000 after acquiring an additional 988,955 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of iShares S&P 500 Growth ETF by 4.4% in the first quarter. Goldman Sachs Group Inc. now owns 6,639,595 shares of the company’s stock valued at $616,354,000 after acquiring an additional 279,859 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of iShares S&P 500 Growth ETF by 4.3% in the first quarter. Commonwealth Equity Services LLC now owns 3,533,251 shares of the company’s stock valued at $327,992,000 after acquiring an additional 147,169 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of iShares S&P 500 Growth ETF by 7.9% in the first quarter. Cetera Investment Advisers now owns 3,465,787 shares of the company’s stock valued at $321,729,000 after acquiring an additional 253,383 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

Shares of iShares S&P 500 Growth ETF stock opened at $120.40 on Friday. The firm has a 50-day moving average of $118.05 and a 200-day moving average of $108.07. The stock has a market cap of $65.58 billion, a PE ratio of 33.33 and a beta of 1.05. iShares S&P 500 Growth ETF has a 52-week low of $79.31 and a 52-week high of $122.66.

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.