Ferguson Wellman Capital Management Inc. Lowers Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Ferguson Wellman Capital Management Inc. lowered its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 5.0% in the third quarter, Holdings Channel reports. The institutional investor owned 5,367 shares of the company’s stock after selling 285 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in iShares S&P 500 Growth ETF were worth $514,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Foster Victor Wealth Advisors LLC purchased a new stake in shares of iShares S&P 500 Growth ETF during the 2nd quarter valued at $226,000. FineMark National Bank & Trust lifted its holdings in shares of iShares S&P 500 Growth ETF by 4.8% during the 2nd quarter. FineMark National Bank & Trust now owns 71,052 shares of the company’s stock valued at $6,575,000 after purchasing an additional 3,279 shares during the last quarter. Choreo LLC lifted its holdings in shares of iShares S&P 500 Growth ETF by 13.8% during the 2nd quarter. Choreo LLC now owns 506,741 shares of the company’s stock valued at $47,239,000 after purchasing an additional 61,420 shares during the last quarter. Adaptive Financial Consulting LLC lifted its holdings in shares of iShares S&P 500 Growth ETF by 1.2% during the 2nd quarter. Adaptive Financial Consulting LLC now owns 195,869 shares of the company’s stock valued at $18,126,000 after purchasing an additional 2,383 shares during the last quarter. Finally, MainStreet Investment Advisors LLC increased its position in shares of iShares S&P 500 Growth ETF by 21.2% in the 2nd quarter. MainStreet Investment Advisors LLC now owns 5,037 shares of the company’s stock valued at $466,000 after acquiring an additional 880 shares during the period.

iShares S&P 500 Growth ETF Price Performance

NYSEARCA IVW opened at $100.39 on Friday. The stock’s fifty day moving average price is $95.86 and its 200 day moving average price is $92.09. iShares S&P 500 Growth ETF has a 1 year low of $71.68 and a 1 year high of $101.55. The company has a market cap of $52.59 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14.

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.