M&T Bank Corp Lowers Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

M&T Bank Corp lessened its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,159,252 shares of the company’s stock after selling 116,192 shares during the period. iShares S&P 500 Growth ETF accounts for approximately 1.4% of M&T Bank Corp’s holdings, making the stock its 11th biggest position. M&T Bank Corp owned 1.05% of iShares S&P 500 Growth ETF worth $387,459,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Financial Connections Group Inc. bought a new position in shares of iShares S&P 500 Growth ETF during the fourth quarter valued at approximately $28,000. Goodwin Investment Advisory bought a new position in iShares S&P 500 Growth ETF during the 4th quarter valued at approximately $29,000. Life Planning Partners Inc purchased a new position in iShares S&P 500 Growth ETF during the fourth quarter valued at $32,000. Howe & Rusling Inc. boosted its holdings in iShares S&P 500 Growth ETF by 1,137.2% in the third quarter. Howe & Rusling Inc. now owns 532 shares of the company’s stock worth $36,000 after acquiring an additional 489 shares in the last quarter. Finally, Capital Investment Counsel Inc purchased a new stake in shares of iShares S&P 500 Growth ETF in the third quarter worth $42,000.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW traded up $1.52 during trading hours on Friday, hitting $83.37. The company had a trading volume of 2,580,985 shares, compared to its average volume of 3,509,656. The stock has a market capitalization of $43.54 billion, a price-to-earnings ratio of 27.41 and a beta of 1.12. The firm has a fifty day moving average price of $83.10 and a 200-day moving average price of $77.44. iShares S&P 500 Growth ETF has a 52-week low of $63.19 and a 52-week high of $85.56.

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.