Brookstone Capital Management Reduces Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Brookstone Capital Management cut its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 11.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 203,305 shares of the company’s stock after selling 25,141 shares during the period. Brookstone Capital Management’s holdings in iShares S&P 500 Growth ETF were worth $20,642,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Davis Capital Management lifted its position 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 valued at $39,000 after acquiring an additional 181 shares during the last quarter. Element Wealth LLC raised its holdings in shares of iShares S&P 500 Growth ETF by 31.1% in the third quarter. Element Wealth LLC now owns 577 shares of the company’s stock valued at $55,000 after buying an additional 137 shares during the last quarter. Valued Wealth Advisors LLC raised its holdings in shares of iShares S&P 500 Growth ETF by 160.2% in the third quarter. Valued Wealth Advisors LLC now owns 601 shares of the company’s stock valued at $58,000 after buying an additional 370 shares during the last quarter. Copley Financial Group Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF in the third quarter valued at about $64,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of iShares S&P 500 Growth ETF in the third quarter valued at about $66,000.

iShares S&P 500 Growth ETF Price Performance

Shares of NYSEARCA:IVW traded down $1.22 on Monday, reaching $99.86. The company’s stock had a trading volume of 456,258 shares, compared to its average volume of 1,836,396. The stock’s 50-day moving average is $101.81 and its two-hundred day moving average is $96.42. iShares S&P 500 Growth ETF has a 52-week low of $74.61 and a 52-week high of $105.64. The stock has a market capitalization of $52.32 billion, a P/E ratio of 28.52 and a beta of 1.14.

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.