Old Port Advisors Decreases Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Old Port Advisors decreased its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 4.6% in the fourth quarter, Holdings Channel reports. The fund owned 10,627 shares of the company’s stock after selling 507 shares during the quarter. Old Port Advisors’ holdings in iShares S&P 500 Growth ETF were worth $1,079,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SK Wealth Management LLC bought a new position in iShares S&P 500 Growth ETF during the third quarter valued at $1,225,000. SMART Wealth LLC boosted its stake in shares of iShares S&P 500 Growth ETF by 8.5% during the 3rd quarter. SMART Wealth LLC now owns 2,409 shares of the company’s stock worth $231,000 after purchasing an additional 188 shares during the period. Copley Financial Group Inc. bought a new position in iShares S&P 500 Growth ETF during the 3rd quarter valued at about $64,000. Forthright Family Wealth Advisory LLC grew its holdings in iShares S&P 500 Growth ETF by 231.8% during the 3rd quarter. Forthright Family Wealth Advisory LLC now owns 125,195 shares of the company’s stock valued at $13,019,000 after purchasing an additional 87,459 shares during the last quarter. Finally, Bush Investment Group LLC raised its position in iShares S&P 500 Growth ETF by 3.3% in the 3rd quarter. Bush Investment Group LLC now owns 39,237 shares of the company’s stock worth $3,757,000 after purchasing an additional 1,239 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA IVW traded down $0.02 during trading on Thursday, hitting $101.51. The stock had a trading volume of 648,986 shares, compared to its average volume of 2,753,157. The stock has a market capitalization of $53.18 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. The stock has a 50 day simple moving average of $101.05 and a 200 day simple moving average of $95.91. iShares S&P 500 Growth ETF has a one year low of $72.69 and a one year high of $105.64.

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.