Breakwater Capital Group Cuts Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Breakwater Capital Group lowered its position in iShares S&P 500 Growth ETF (NYSEARCA:IVWFree Report) by 1.8% during the first quarter, Holdings Channel reports. The institutional investor owned 24,959 shares of the company’s stock after selling 451 shares during the quarter. Breakwater Capital Group’s holdings in iShares S&P 500 Growth ETF were worth $2,108,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Connections Group Inc. purchased a new stake in iShares S&P 500 Growth ETF during the 4th quarter worth approximately $28,000. Goodwin Investment Advisory purchased a new stake in iShares S&P 500 Growth ETF during the 4th quarter worth approximately $29,000. Life Planning Partners Inc purchased a new stake in iShares S&P 500 Growth ETF during the 4th quarter worth approximately $32,000. Northwest Financial Advisors purchased a new stake in iShares S&P 500 Growth ETF during the 4th quarter worth approximately $38,000. Finally, Ruedi Wealth Management Inc. grew its position in iShares S&P 500 Growth ETF by 1,361.4% during the 4th quarter. Ruedi Wealth Management Inc. now owns 643 shares of the company’s stock worth $48,000 after purchasing an additional 599 shares during the last quarter.

iShares S&P 500 Growth ETF Price Performance

NYSEARCA:IVW traded down $0.71 during trading hours on Friday, hitting $92.54. 1,918,465 shares of the company were exchanged, compared to its average volume of 3,389,791. The stock has a market capitalization of $48.48 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 52-week low of $65.53 and a 52-week high of $94.17. The company’s 50 day moving average price is $87.28 and its 200-day moving average price is $82.60.

iShares S&P 500 Growth ETF Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for iShares S&P 500 Growth ETF (NYSEARCA:IVW)

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