Royal Fund Management LLC Cuts Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Royal Fund Management LLC trimmed its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 35.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,484 shares of the company’s stock after selling 5,126 shares during the period. Royal Fund Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $964,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in IVW. Davis Capital Management raised its holdings in iShares S&P 500 Growth ETF by 78.4% in the 3rd quarter. Davis Capital Management now owns 412 shares of the company’s stock worth $39,000 after acquiring an additional 181 shares during the last quarter. Element Wealth LLC increased its position 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 valued at $55,000 after purchasing an additional 137 shares during the last quarter. Valued Wealth Advisors LLC raised its position in 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 worth $58,000 after acquiring an additional 370 shares during the period. Copley Financial Group Inc. purchased a new position in iShares S&P 500 Growth ETF during the third quarter valued at $64,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of iShares S&P 500 Growth ETF during the 3rd quarter valued at about $66,000.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock opened at $104.84 on Wednesday. The stock has a fifty day simple moving average of $102.21 and a two-hundred day simple moving average of $96.78. iShares S&P 500 Growth ETF has a 52-week low of $77.20 and a 52-week high of $105.64. The firm has a market capitalization of $54.93 billion, a PE 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.