Cim LLC Reduces Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Cim LLC reduced its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 6.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,968 shares of the company’s stock after selling 486 shares during the period. Cim LLC’s holdings in iShares S&P 500 Growth ETF were worth $629,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IVW. CarsonAllaria Wealth Management Ltd. raised its holdings in iShares S&P 500 Growth ETF by 45.5% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 400 shares of the company’s stock valued at $34,000 after buying an additional 125 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of iShares S&P 500 Growth ETF in the second quarter worth about $34,000. Financial Connections Group Inc. purchased a new position in iShares S&P 500 Growth ETF during the 2nd quarter valued at about $35,000. GPS Wealth Strategies Group LLC raised its position in iShares S&P 500 Growth ETF by 91.3% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 417 shares of the company’s stock valued at $39,000 after purchasing an additional 199 shares during the last quarter. Finally, Avondale Wealth Management raised its position in iShares S&P 500 Growth ETF by 56.1% during the 2nd quarter. Avondale Wealth Management now owns 434 shares of the company’s stock valued at $40,000 after purchasing an additional 156 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock opened at $94.41 on Wednesday. The firm has a market cap of $49.46 billion, a P/E ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a fifty-two week low of $65.53 and a fifty-two week high of $97.22. The business’s 50 day moving average price is $91.62 and its 200-day moving average price is $89.08.

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.