iShares S&P 500 Growth ETF (NYSEARCA:IVW) is Gimbal Financial’s 9th Largest Position

Gimbal Financial reduced its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 27.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,062 shares of the company’s stock after selling 22,803 shares during the quarter. iShares S&P 500 Growth ETF comprises about 3.8% of Gimbal Financial’s investment portfolio, making the stock its 9th biggest position. Gimbal Financial’s holdings in iShares S&P 500 Growth ETF were worth $5,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Foster Victor Wealth Advisors LLC purchased a new position in iShares S&P 500 Growth ETF during the second quarter valued at approximately $226,000. FineMark National Bank & Trust increased its position in shares of iShares S&P 500 Growth ETF by 4.8% during the second quarter. FineMark National Bank & Trust now owns 71,052 shares of the company’s stock worth $6,575,000 after purchasing an additional 3,279 shares in the last quarter. Adaptive Financial Consulting LLC boosted its stake in iShares S&P 500 Growth ETF by 1.2% in the 2nd quarter. Adaptive Financial Consulting LLC now owns 195,869 shares of the company’s stock worth $18,126,000 after purchasing an additional 2,383 shares in the last quarter. MainStreet Investment Advisors LLC increased its stake in shares of iShares S&P 500 Growth ETF by 21.2% in the second quarter. MainStreet Investment Advisors LLC now owns 5,037 shares of the company’s stock worth $466,000 after acquiring an additional 880 shares during the period. Finally, First Foundation Advisors grew its position in iShares S&P 500 Growth ETF by 11.9% during the 2nd quarter. First Foundation Advisors now owns 15,503 shares of the company’s stock worth $1,435,000 after purchasing an additional 1,650 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW traded down $0.10 during trading hours on Wednesday, hitting $98.35. The stock had a trading volume of 764,133 shares, compared to its average volume of 2,920,500. The firm has a market capitalization of $51.53 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a fifty-two week low of $66.08 and a fifty-two week high of $98.68. The firm has a 50-day moving average price of $94.54 and a 200 day moving average price of $90.83.

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.