Novare Capital Management LLC Trims Stake in iShares S&P 500 Growth ETF $IVW

Novare Capital Management LLC reduced its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 11.0% during the first quarter, Holdings Channel.com reports. The firm owned 71,882 shares of the company’s stock after selling 8,864 shares during the quarter. Novare Capital Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $8,131,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Summit Wealth Partners LLC bought a new stake in iShares S&P 500 Growth ETF during the first quarter valued at about $328,000. Stewardship Advisors LLC lifted its position in shares of iShares S&P 500 Growth ETF by 29.8% during the 1st quarter. Stewardship Advisors LLC now owns 2,554 shares of the company’s stock valued at $289,000 after buying an additional 587 shares in the last quarter. XML Financial LLC lifted its position in shares of iShares S&P 500 Growth ETF by 22.6% during the 1st quarter. XML Financial LLC now owns 44,680 shares of the company’s stock valued at $5,054,000 after buying an additional 8,246 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its stake in shares of iShares S&P 500 Growth ETF by 19.9% during the 1st quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 13,270 shares of the company’s stock valued at $1,501,000 after acquiring an additional 2,200 shares during the period. Finally, Capital Advisors Ltd. LLC grew its stake in shares of iShares S&P 500 Growth ETF by 0.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 156,640 shares of the company’s stock valued at $17,718,000 after acquiring an additional 698 shares during the period.

iShares S&P 500 Growth ETF Price Performance

Shares of NYSEARCA IVW opened at $136.89 on Tuesday. The firm has a fifty day moving average price of $133.90 and a 200-day moving average price of $125.40. The stock has a market cap of $74.19 billion, a PE ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a 1 year low of $104.21 and a 1 year high of $141.98.

iShares S&P 500 Growth ETF Company 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.