Western Financial Corp CA Cuts Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Western Financial Corp CA cut its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 6.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 3,344 shares of the company’s stock after selling 233 shares during the quarter. Western Financial Corp CA’s holdings in iShares S&P 500 Growth ETF were worth $310,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in shares of iShares S&P 500 Growth ETF by 1.7% during the fourth quarter. JPMorgan Chase & Co. now owns 44,878,487 shares of the company’s stock valued at $4,556,513,000 after acquiring an additional 764,970 shares during the last quarter. LPL Financial LLC increased its position in shares of iShares S&P 500 Growth ETF by 14.4% during the fourth quarter. LPL Financial LLC now owns 17,940,390 shares of the company’s stock worth $1,821,488,000 after purchasing an additional 2,257,493 shares in the last quarter. Wells Fargo & Company MN raised its stake in iShares S&P 500 Growth ETF by 6.4% in the 4th quarter. Wells Fargo & Company MN now owns 16,602,697 shares of the company’s stock valued at $1,685,672,000 after purchasing an additional 999,882 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in iShares S&P 500 Growth ETF by 2.4% in the 4th quarter. Ameriprise Financial Inc. now owns 7,975,850 shares of the company’s stock valued at $809,740,000 after purchasing an additional 186,796 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in iShares S&P 500 Growth ETF by 2.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,478,191 shares of the company’s stock valued at $556,201,000 after purchasing an additional 148,960 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Up 0.3%

Shares of IVW opened at $107.83 on Thursday. iShares S&P 500 Growth ETF has a 52-week low of $79.31 and a 52-week high of $108.24. The stock has a market cap of $58.38 billion, a PE ratio of 29.66 and a beta of 1.12. The firm’s fifty day moving average is $100.67 and its two-hundred day moving average is $100.03.

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.