Melfa Wealth Management Inc. Sells 500 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Melfa Wealth Management Inc. decreased its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 12.4% in the fourth quarter, Holdings Channel reports. The firm owned 3,525 shares of the company’s stock after selling 500 shares during the quarter. Melfa Wealth Management Inc.’s holdings in iShares S&P 500 Growth ETF were worth $358,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Davis Capital Management raised its position in iShares S&P 500 Growth ETF by 78.4% in the 3rd quarter. Davis Capital Management now owns 412 shares of the company’s stock worth $39,000 after buying an additional 181 shares during the last quarter. Element Wealth LLC grew its stake 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 worth $55,000 after acquiring an additional 137 shares during the period. Valued Wealth Advisors LLC raised its holdings in shares of iShares S&P 500 Growth ETF by 160.2% during the third quarter. Valued Wealth Advisors LLC now owns 601 shares of the company’s stock valued at $58,000 after purchasing an additional 370 shares during the last quarter. Copley Financial Group Inc. purchased a new position in shares of iShares S&P 500 Growth ETF during the third quarter valued at approximately $64,000. Finally, ORG Wealth Partners LLC bought a new position in iShares S&P 500 Growth ETF during the third quarter valued at approximately $66,000.

iShares S&P 500 Growth ETF Trading Up 1.0 %

NYSEARCA:IVW opened at $104.84 on Wednesday. The company has a market cap of $54.93 billion, a PE ratio of 28.52 and a beta of 1.14. The company has a 50 day simple moving average of $102.29 and a two-hundred day simple moving average of $96.85. iShares S&P 500 Growth ETF has a 12 month low of $77.20 and a 12 month high of $105.64.

iShares S&P 500 Growth ETF Company 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.