MAI Capital Management Decreases Stock Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

MAI Capital Management lessened its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 0.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 960,528 shares of the company’s stock after selling 3,479 shares during the quarter. iShares S&P 500 Growth ETF accounts for 0.9% of MAI Capital Management’s investment portfolio, making the stock its 25th biggest holding. MAI Capital Management’s holdings in iShares S&P 500 Growth ETF were worth $91,971,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of IVW. Theory Financial LLC raised its position in shares of iShares S&P 500 Growth ETF by 2.4% in the 3rd quarter. Theory Financial LLC now owns 46,030 shares of the company’s stock valued at $4,378,000 after purchasing an additional 1,057 shares during the last quarter. EQ LLC increased its position in shares of iShares S&P 500 Growth ETF by 53.6% in the 3rd quarter. EQ LLC now owns 30,206 shares of the company’s stock valued at $2,892,000 after acquiring an additional 10,543 shares during the period. TrinityPoint Wealth LLC raised its stake in iShares S&P 500 Growth ETF by 4.8% in the 3rd quarter. TrinityPoint Wealth LLC now owns 6,948 shares of the company’s stock worth $665,000 after acquiring an additional 320 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in iShares S&P 500 Growth ETF by 11.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,438,191 shares of the company’s stock worth $137,711,000 after acquiring an additional 146,348 shares during the period. Finally, Sugar Maple Asset Management LLC purchased a new stake in iShares S&P 500 Growth ETF during the 3rd quarter valued at about $220,000.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock opened at $98.33 on Monday. iShares S&P 500 Growth ETF has a fifty-two week low of $71.68 and a fifty-two week high of $101.55. The firm has a market capitalization of $51.52 billion, a PE ratio of 28.52 and a beta of 1.14. The stock’s 50-day simple moving average is $96.26 and its 200-day simple moving average is $92.42.

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.