Independent Wealth Network Inc. Cuts Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Independent Wealth Network Inc. reduced its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 26.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,395 shares of the company’s stock after selling 861 shares during the quarter. Independent Wealth Network Inc.’s holdings in iShares S&P 500 Growth ETF were worth $243,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of IVW. Davis Capital Management boosted its position in iShares S&P 500 Growth ETF by 78.4% during the third quarter. Davis Capital Management now owns 412 shares of the company’s stock worth $39,000 after purchasing an additional 181 shares in the last quarter. Element Wealth LLC raised its stake in shares of iShares S&P 500 Growth ETF by 31.1% during the 3rd quarter. Element Wealth LLC now owns 577 shares of the company’s stock worth $55,000 after buying an additional 137 shares during the period. Valued Wealth Advisors LLC lifted its position in shares of iShares S&P 500 Growth ETF by 160.2% during the 3rd quarter. Valued Wealth Advisors LLC now owns 601 shares of the company’s stock valued at $58,000 after buying an additional 370 shares in the last quarter. Copley Financial Group Inc. acquired a new stake in iShares S&P 500 Growth ETF in the 3rd quarter valued at $64,000. Finally, ORG Wealth Partners LLC purchased a new stake in iShares S&P 500 Growth ETF in the 3rd quarter worth $66,000.

iShares S&P 500 Growth ETF Stock Up 0.5 %

IVW opened at $106.65 on Friday. The firm’s fifty day simple moving average is $102.39 and its two-hundred day simple moving average is $96.91. iShares S&P 500 Growth ETF has a 52-week low of $77.20 and a 52-week high of $106.65. The company has a market cap of $55.87 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14.

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.