Farmers & Merchants Investments Inc. Sells 3,744 Shares of iShares S&P 500 Growth ETF $IVW

Farmers & Merchants Investments Inc. lessened its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 3.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 111,546 shares of the company’s stock after selling 3,744 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in iShares S&P 500 Growth ETF were worth $15,341,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in IVW. United Bank increased its position in iShares S&P 500 Growth ETF by 4.6% in the 2nd quarter. United Bank now owns 52,096 shares of the company’s stock worth $5,736,000 after buying an additional 2,280 shares during the period. Schnieders Capital Management LLC. acquired a new position in shares of iShares S&P 500 Growth ETF during the second quarter worth approximately $600,000. Russell Investments Group Ltd. boosted its position in shares of iShares S&P 500 Growth ETF by 13.4% in the second quarter. Russell Investments Group Ltd. now owns 5,992 shares of the company’s stock valued at $660,000 after acquiring an additional 707 shares during the period. First Trust Advisors LP boosted its position in shares of iShares S&P 500 Growth ETF by 15.4% in the second quarter. First Trust Advisors LP now owns 31,834 shares of the company’s stock valued at $3,505,000 after acquiring an additional 4,238 shares during the period. Finally, Flow Traders U.S. LLC bought a new stake in shares of iShares S&P 500 Growth ETF in the second quarter valued at approximately $244,000.

iShares S&P 500 Growth ETF Trading Up 0.4%

Shares of iShares S&P 500 Growth ETF stock opened at $141.49 on Thursday. iShares S&P 500 Growth ETF has a 1 year low of $108.13 and a 1 year high of $143.26. The company’s fifty day simple moving average is $136.34 and its 200-day simple moving average is $128.73. The company has a market cap of $77.25 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17.

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.