CFS Investment Advisory Services LLC Trims Stake in iShares S&P 500 Growth ETF $IVW

CFS Investment Advisory Services LLC cut its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 5.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 169,656 shares of the company’s stock after selling 10,363 shares during the quarter. iShares S&P 500 Growth ETF makes up approximately 1.5% of CFS Investment Advisory Services LLC’s investment portfolio, making the stock its 13th largest position. CFS Investment Advisory Services LLC’s holdings in iShares S&P 500 Growth ETF were worth $20,812,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in shares of iShares S&P 500 Growth ETF by 329.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,708,995 shares of the company’s stock valued at $188,160,000 after purchasing an additional 1,311,063 shares during the period. Laurel Wealth Advisors LLC increased its holdings in iShares S&P 500 Growth ETF by 11,334.7% in the second quarter. Laurel Wealth Advisors LLC now owns 770,011 shares of the company’s stock valued at $84,778,000 after buying an additional 763,277 shares in the last quarter. EP Wealth Advisors LLC increased its holdings in iShares S&P 500 Growth ETF by 487.9% in the second quarter. EP Wealth Advisors LLC now owns 679,544 shares of the company’s stock valued at $74,818,000 after buying an additional 563,960 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of iShares S&P 500 Growth ETF by 6.9% in the second quarter. Ameriprise Financial Inc. now owns 8,499,823 shares of the company’s stock worth $935,874,000 after acquiring an additional 547,663 shares during the period. Finally, World Investment Advisors boosted its stake in shares of iShares S&P 500 Growth ETF by 104.4% during the 2nd quarter. World Investment Advisors now owns 744,016 shares of the company’s stock worth $81,916,000 after acquiring an additional 380,049 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Up 0.6%

NYSEARCA:IVW opened at $124.31 on Tuesday. iShares S&P 500 Growth ETF has a 52 week low of $79.31 and a 52 week high of $126.61. The stock’s 50-day moving average price is $123.12 and its 200-day moving average price is $119.80. The stock has a market capitalization of $66.64 billion, a PE ratio of 33.33 and a beta of 1.11.

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. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.