iShares S&P 500 Growth ETF $IVW Stock: Sound Income Strategies LLC Decreases Stake

Sound Income Strategies LLC reduced its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 20.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,403 shares of the company’s stock after selling 5,707 shares during the quarter. Sound Income Strategies LLC’s holdings in iShares S&P 500 Growth ETF were worth $3,228,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in IVW. Bank of America Corp DE grew its stake in iShares S&P 500 Growth ETF by 6.6% in the 1st quarter. Bank of America Corp DE now owns 19,779,268 shares of the company’s stock worth $2,237,233,000 after acquiring an additional 1,229,382 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of iShares S&P 500 Growth ETF by 0.5% during the fourth quarter. Wells Fargo & Company MN now owns 15,021,156 shares of the company’s stock valued at $1,851,508,000 after acquiring an additional 80,216 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of iShares S&P 500 Growth ETF by 5.4% in the first quarter. Cetera Investment Advisers now owns 4,754,617 shares of the company’s stock valued at $537,795,000 after purchasing an additional 245,310 shares during the period. Mariner LLC grew its position in shares of iShares S&P 500 Growth ETF by 1.7% during the 4th quarter. Mariner LLC now owns 3,665,537 shares of the company’s stock worth $451,818,000 after buying an additional 61,398 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in shares of iShares S&P 500 Growth ETF by 10.9% during the fourth quarter. MML Investors Services LLC now owns 3,645,204 shares of the company’s stock valued at $449,308,000 after buying an additional 358,496 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

iShares S&P 500 Growth ETF stock traded up $1.15 during midday trading on Friday, hitting $145.24. 1,278,495 shares of the company’s stock were exchanged, compared to its average volume of 3,051,156. The company has a market cap of $80.06 billion, a PE ratio of 33.33 and a beta of 1.17. The firm has a 50-day moving average of $140.98 and a two-hundred day moving average of $134.72. iShares S&P 500 Growth ETF has a 12 month low of $108.13 and a 12 month high of $146.83.

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. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.