Morris Financial Concepts Inc. Has $2.94 Million Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Morris Financial Concepts Inc. cut its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVWFree Report) by 5.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,101 shares of the company’s stock after selling 2,354 shares during the quarter. iShares S&P 500 Growth ETF comprises 1.7% of Morris Financial Concepts Inc.’s portfolio, making the stock its 14th biggest holding. Morris Financial Concepts Inc.’s holdings in iShares S&P 500 Growth ETF were worth $2,936,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in IVW. Carret Asset Management LLC boosted its stake in iShares S&P 500 Growth ETF by 0.4% in the 3rd quarter. Carret Asset Management LLC now owns 39,613 shares of the company’s stock valued at $2,710,000 after purchasing an additional 150 shares during the period. Nicolet Advisory Services LLC raised its holdings in iShares S&P 500 Growth ETF by 2.0% during the 3rd quarter. Nicolet Advisory Services LLC now owns 7,575 shares of the company’s stock worth $518,000 after purchasing an additional 152 shares during the last quarter. Gallagher Fiduciary Advisors LLC increased its stake in shares of iShares S&P 500 Growth ETF by 4.5% in the 3rd quarter. Gallagher Fiduciary Advisors LLC now owns 3,526 shares of the company’s stock valued at $241,000 after acquiring an additional 153 shares in the last quarter. Lake Street Financial LLC increased its stake in shares of iShares S&P 500 Growth ETF by 4.6% in the 3rd quarter. Lake Street Financial LLC now owns 3,710 shares of the company’s stock valued at $255,000 after acquiring an additional 163 shares in the last quarter. Finally, First Manhattan Co. increased its stake in shares of iShares S&P 500 Growth ETF by 0.5% in the 1st quarter. First Manhattan Co. now owns 37,027 shares of the company’s stock valued at $2,828,000 after acquiring an additional 166 shares in the last quarter.

iShares S&P 500 Growth ETF Trading Down 1.3 %

NYSEARCA IVW traded down $1.10 during mid-day trading on Friday, hitting $83.91. The company’s stock had a trading volume of 3,421,479 shares, compared to its average volume of 3,731,799. The firm has a market capitalization of $44.03 billion, a price-to-earnings ratio of 28.34 and a beta of 1.10. The company’s 50 day simple moving average is $82.91 and its 200 day simple moving average is $76.04. iShares S&P 500 Growth ETF has a twelve month low of $63.10 and a twelve month high of $85.56.

iShares S&P 500 Growth ETF Profile

(Free Report)

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.

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Institutional Ownership by Quarter for iShares S&P 500 Growth ETF (NYSEARCA:IVW)

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