Royal Fund Management LLC Sells 38,079 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Royal Fund Management LLC lessened its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 72.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,610 shares of the company’s stock after selling 38,079 shares during the quarter. Royal Fund Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $1,401,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in IVW. Oxford Financial Group LTD. LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 27.6% in the 4th quarter. Oxford Financial Group LTD. LLC now owns 45,907 shares of the company’s stock valued at $3,448,000 after acquiring an additional 9,924 shares during the last quarter. Foster Victor Wealth Advisors LLC bought a new stake in iShares S&P 500 Growth ETF in the second quarter valued at approximately $226,000. FineMark National Bank & Trust lifted its position in iShares S&P 500 Growth ETF by 4.8% in the second 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. West Paces Advisors Inc. boosted its stake in shares of iShares S&P 500 Growth ETF by 9,168.6% during the first quarter. West Paces Advisors Inc. now owns 4,727 shares of the company’s stock valued at $399,000 after purchasing an additional 4,676 shares during the period. Finally, Powell Investment Advisors LLC grew its holdings in shares of iShares S&P 500 Growth ETF by 0.9% in the first quarter. Powell Investment Advisors LLC now owns 250,701 shares of the company’s stock worth $21,169,000 after purchasing an additional 2,120 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA:IVW traded down $0.10 during midday trading on Wednesday, reaching $96.04. 20,558 shares of the stock traded hands, compared to its average volume of 3,019,278. The stock has a market capitalization of $50.32 billion, a P/E ratio of 28.52 and a beta of 1.14. The company has a fifty day moving average of $92.18 and a 200 day moving average of $89.45. iShares S&P 500 Growth ETF has a 12 month low of $65.53 and a 12 month high of $97.22.

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.