Trek Financial LLC Sells 22,948 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Trek Financial LLC cut its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 13.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,670 shares of the company’s stock after selling 22,948 shares during the period. iShares S&P 500 Growth ETF comprises approximately 1.1% of Trek Financial LLC’s investment portfolio, making the stock its 19th biggest holding. Trek Financial LLC’s holdings in iShares S&P 500 Growth ETF were worth $15,196,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IVW. Raymond James Financial Inc. acquired a new position in iShares S&P 500 Growth ETF during the fourth quarter valued at approximately $456,880,000. Wealthfront Advisers LLC bought a new stake in shares of iShares S&P 500 Growth ETF during the 4th quarter worth approximately $350,009,000. LPL Financial LLC raised its stake in shares of iShares S&P 500 Growth ETF by 14.4% during the 4th quarter. LPL Financial LLC now owns 17,940,390 shares of the company’s stock worth $1,821,488,000 after purchasing an additional 2,257,493 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of iShares S&P 500 Growth ETF by 6.4% in the 4th quarter. Wells Fargo & Company MN now owns 16,602,697 shares of the company’s stock valued at $1,685,672,000 after buying an additional 999,882 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of iShares S&P 500 Growth ETF by 1.7% in the fourth quarter. JPMorgan Chase & Co. now owns 44,878,487 shares of the company’s stock valued at $4,556,513,000 after buying an additional 764,970 shares in the last quarter.

iShares S&P 500 Growth ETF Price Performance

iShares S&P 500 Growth ETF stock opened at $83.65 on Friday. iShares S&P 500 Growth ETF has a fifty-two week low of $79.07 and a fifty-two week high of $107.14. The firm has a market capitalization of $46.05 billion, a PE ratio of 30.22 and a beta of 1.08. The company’s 50-day moving average is $99.33 and its 200-day moving average is $99.79.

About iShares S&P 500 Growth ETF

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.