RKL Wealth Management LLC Sells 10,377 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

RKL Wealth Management LLC reduced its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 13.3% in the first quarter, HoldingsChannel reports. The firm owned 67,937 shares of the company’s stock after selling 10,377 shares during the period. iShares S&P 500 Growth ETF makes up approximately 0.6% of RKL Wealth Management LLC’s investment portfolio, making the stock its 28th largest position. RKL Wealth Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $6,307,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC purchased a new position in iShares S&P 500 Growth ETF in the fourth quarter worth $211,000. Amundi boosted its position in shares of iShares S&P 500 Growth ETF by 464.0% in the 4th quarter. Amundi now owns 13,711 shares of the company’s stock worth $1,392,000 after purchasing an additional 11,280 shares in the last quarter. Stage Harbor Financial LLC purchased a new position in iShares S&P 500 Growth ETF during the 4th quarter worth $207,000. Mosaic Advisors LLC acquired a new position in iShares S&P 500 Growth ETF during the 4th quarter valued at about $275,000. Finally, CoreFirst Bank & Trust acquired a new stake in iShares S&P 500 Growth ETF in the fourth quarter worth about $97,000.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock opened at $110.10 on Tuesday. The firm has a market capitalization of $60.32 billion, a price-to-earnings ratio of 29.66 and a beta of 1.05. The stock’s 50-day simple moving average is $101.98 and its 200-day simple moving average is $100.09. iShares S&P 500 Growth ETF has a fifty-two week low of $79.31 and a fifty-two week high of $110.35.

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.