iShares S&P 500 Growth ETF (NYSEARCA:IVW) Stake Lowered by Morris Financial Concepts Inc.

Morris Financial Concepts Inc. reduced its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,538 shares of the company’s stock after selling 290 shares during the period. iShares S&P 500 Growth ETF accounts for 1.9% of Morris Financial Concepts Inc.’s investment portfolio, making the stock its 12th biggest holding. Morris Financial Concepts Inc.’s holdings in iShares S&P 500 Growth ETF were worth $4,319,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of IVW. Hantz Financial Services Inc. bought a new stake in iShares S&P 500 Growth ETF during the fourth quarter valued at about $40,000. Compass Financial Services Inc bought a new stake in iShares S&P 500 Growth ETF during the fourth quarter valued at about $40,000. POM Investment Strategies LLC raised its position in shares of iShares S&P 500 Growth ETF by 194.8% during the fourth quarter. POM Investment Strategies LLC now owns 457 shares of the company’s stock valued at $46,000 after buying an additional 302 shares during the last quarter. Element Wealth LLC raised its position in shares of iShares S&P 500 Growth ETF by 31.1% during the third quarter. Element Wealth LLC now owns 577 shares of the company’s stock valued at $55,000 after buying an additional 137 shares during the last quarter. Finally, Valued Wealth Advisors LLC raised its position in shares of iShares S&P 500 Growth ETF by 160.2% during the third quarter. Valued Wealth Advisors LLC now owns 601 shares of the company’s stock valued at $58,000 after buying an additional 370 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW opened at $105.05 on Thursday. The company has a 50-day simple moving average of $103.70 and a 200-day simple moving average of $98.02. The firm has a market capitalization of $55.04 billion, a P/E ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 52 week low of $79.07 and a 52 week high of $107.14.

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.