Kingswood Wealth Advisors LLC Lowers Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Kingswood Wealth Advisors LLC reduced its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 29.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,691 shares of the company’s stock after selling 1,538 shares during the period. Kingswood Wealth Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $312,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IVW. Financial Connections Group Inc. purchased a new stake in iShares S&P 500 Growth ETF during the fourth quarter worth $28,000. Goodwin Investment Advisory purchased a new position in iShares S&P 500 Growth ETF in the 4th quarter worth $29,000. Life Planning Partners Inc acquired a new stake in iShares S&P 500 Growth ETF during the 4th quarter worth about $32,000. Northwest Financial Advisors acquired a new stake in iShares S&P 500 Growth ETF during the 4th quarter worth about $38,000. Finally, Ruedi Wealth Management Inc. grew its position in shares of 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 valued at $48,000 after acquiring an additional 599 shares during the period.

iShares S&P 500 Growth ETF Trading Down 0.8 %

IVW stock opened at $92.54 on Friday. iShares S&P 500 Growth ETF has a 12-month low of $65.53 and a 12-month high of $94.17. The stock has a market cap of $48.48 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. The business’s 50-day moving average is $87.28 and its 200 day moving average is $82.48.

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.