First Western Trust Bank Reduces Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

First Western Trust Bank reduced its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.2% during the third quarter, HoldingsChannel.com reports. The firm owned 26,705 shares of the company’s stock after selling 311 shares during the period. First Western Trust Bank’s holdings in iShares S&P 500 Growth ETF were worth $2,557,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in IVW. 1620 Investment Advisors Inc. bought a new position in shares of iShares S&P 500 Growth ETF during the second quarter valued at approximately $34,000. Financial Connections Group Inc. bought a new position in iShares S&P 500 Growth ETF in the 2nd quarter valued at $35,000. GPS Wealth Strategies Group LLC grew its position in iShares S&P 500 Growth ETF by 91.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 417 shares of the company’s stock valued at $39,000 after acquiring an additional 199 shares during the last quarter. Davis Capital Management increased its stake in iShares S&P 500 Growth ETF by 78.4% in the third quarter. Davis Capital Management now owns 412 shares of the company’s stock worth $39,000 after purchasing an additional 181 shares during the period. Finally, Avondale Wealth Management lifted its position in shares of iShares S&P 500 Growth ETF by 56.1% during the second quarter. Avondale Wealth Management now owns 434 shares of the company’s stock worth $40,000 after purchasing an additional 156 shares during the last quarter.

iShares S&P 500 Growth ETF Trading Down 2.0 %

NYSEARCA IVW opened at $98.33 on Monday. The stock has a market cap of $51.52 billion, a PE ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 12 month low of $71.68 and a 12 month high of $101.55. The company’s 50-day moving average price is $96.26 and its 200-day moving average price is $92.42.

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.