First Commonwealth Financial Corp PA Cuts Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

First Commonwealth Financial Corp PA cut its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,758 shares of the company’s stock after selling 936 shares during the period. iShares S&P 500 Growth ETF accounts for approximately 0.6% of First Commonwealth Financial Corp PA’s investment portfolio, making the stock its 25th biggest holding. First Commonwealth Financial Corp PA’s holdings in iShares S&P 500 Growth ETF were worth $2,514,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IVW. Broadview Financial Management LLC boosted its holdings in iShares S&P 500 Growth ETF by 0.6% in the third quarter. Broadview Financial Management LLC now owns 107,557 shares of the company’s stock worth $10,299,000 after acquiring an additional 692 shares in the last quarter. Arvest Bank Trust Division acquired a new stake in iShares S&P 500 Growth ETF in the 3rd quarter worth approximately $56,971,000. Wilmington Savings Fund Society FSB grew its position in iShares S&P 500 Growth ETF by 244.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 287,774 shares of the company’s stock worth $27,554,000 after purchasing an additional 204,283 shares during the last quarter. PVG Asset Management Corp purchased a new stake in iShares S&P 500 Growth ETF during the 3rd quarter worth approximately $441,000. Finally, Franklin Resources Inc. increased its stake in iShares S&P 500 Growth ETF by 0.5% during the 3rd quarter. Franklin Resources Inc. now owns 83,882 shares of the company’s stock valued at $8,204,000 after purchasing an additional 439 shares in the last quarter.

iShares S&P 500 Growth ETF Trading Down 2.9 %

NYSEARCA:IVW opened at $88.38 on Thursday. The company has a market capitalization of $48.15 billion, a P/E ratio of 28.32 and a beta of 1.12. iShares S&P 500 Growth ETF has a 12 month low of $79.07 and a 12 month high of $107.14. The firm has a fifty day simple moving average of $96.16 and a 200-day simple moving average of $99.27.

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.