MMA Asset Management LLC Reduces Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

MMA Asset Management LLC decreased its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 75.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,655 shares of the company’s stock after selling 35,046 shares during the period. MMA Asset Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $1,183,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bridges Investment Management Inc. boosted its holdings in shares of iShares S&P 500 Growth ETF by 1.4% during the fourth quarter. Bridges Investment Management Inc. now owns 47,135 shares of the company’s stock worth $4,786,000 after purchasing an additional 634 shares during the last quarter. Maia Wealth LLC boosted its holdings in shares of iShares S&P 500 Growth ETF by 3.9% during the fourth quarter. Maia Wealth LLC now owns 119,764 shares of the company’s stock worth $12,269,000 after purchasing an additional 4,527 shares during the last quarter. Noble Wealth Management PBC acquired a new stake in shares of iShares S&P 500 Growth ETF during the fourth quarter worth $81,000. Fisher Asset Management LLC acquired a new stake in shares of iShares S&P 500 Growth ETF during the fourth quarter worth $864,000. Finally, ADG Wealth Management Group LLC acquired a new stake in shares of iShares S&P 500 Growth ETF during the fourth quarter worth $21,188,000.

iShares S&P 500 Growth ETF Stock Up 1.8 %

IVW stock opened at $101.17 on Friday. iShares S&P 500 Growth ETF has a 52-week low of $79.07 and a 52-week high of $107.14. The stock’s fifty day simple moving average is $103.83 and its 200-day simple moving average is $99.41. The stock has a market capitalization of $56.45 billion, a price-to-earnings ratio of 33.87 and a beta of 1.07.

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.