First Hawaiian Bank cut its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) by 8.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 301,176 shares of the company’s stock after selling 26,367 shares during the quarter. iShares S&P 500 Growth ETF comprises approximately 1.0% of First Hawaiian Bank’s investment portfolio, making the stock its 10th biggest position. First Hawaiian Bank’s holdings in iShares S&P 500 Growth ETF were worth $30,578,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of IVW. Davis Capital Management lifted its position in shares of iShares S&P 500 Growth ETF by 78.4% during the 3rd quarter. Davis Capital Management now owns 412 shares of the company’s stock worth $39,000 after buying an additional 181 shares during the last quarter. Element Wealth LLC raised its position in iShares S&P 500 Growth ETF by 31.1% in the third quarter. Element Wealth LLC now owns 577 shares of the company’s stock valued at $55,000 after purchasing an additional 137 shares during the last quarter. Valued Wealth Advisors LLC increased its stake in shares of iShares S&P 500 Growth ETF by 160.2% in the third quarter. Valued Wealth Advisors LLC now owns 601 shares of the company’s stock valued at $58,000 after buying an additional 370 shares during the period. Copley Financial Group Inc. bought a new position in iShares S&P 500 Growth ETF in the 3rd quarter valued at approximately $64,000. Finally, ORG Wealth Partners LLC bought a new position in shares of iShares S&P 500 Growth ETF during the third quarter valued at $66,000.
iShares S&P 500 Growth ETF Stock Up 0.1 %
IVW traded up $0.13 during midday trading on Wednesday, hitting $102.54. 1,927,460 shares of the company were exchanged, compared to its average volume of 2,104,652. The firm’s 50 day moving average price is $101.47 and its 200-day moving average price is $96.21. iShares S&P 500 Growth ETF has a 1-year low of $73.94 and a 1-year high of $105.64. The firm has a market capitalization of $53.72 billion, a P/E ratio of 28.52 and a beta of 1.14.
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.
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