Oak Harvest Investment Services Reduces Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Oak Harvest Investment Services trimmed its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 4.4% during the first quarter, Holdings Channel.com reports. The firm owned 4,931 shares of the company’s stock after selling 227 shares during the period. Oak Harvest Investment Services’ holdings in iShares S&P 500 Growth ETF were worth $416,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Financial Connections Group Inc. purchased a new position in shares of iShares S&P 500 Growth ETF during the 4th quarter worth about $28,000. Goodwin Investment Advisory acquired a new position in iShares S&P 500 Growth ETF during the fourth quarter worth approximately $29,000. Life Planning Partners Inc purchased a new position in iShares S&P 500 Growth ETF during the fourth quarter worth approximately $32,000. Northwest Financial Advisors acquired a new position in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at $38,000. Finally, Ruedi Wealth Management Inc. grew its stake in shares of iShares S&P 500 Growth ETF by 1,361.4% during the 4th quarter. Ruedi Wealth Management Inc. now owns 643 shares of the company’s stock valued at $48,000 after buying an additional 599 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW traded up $0.83 during trading hours on Thursday, hitting $94.85. The stock had a trading volume of 1,653,765 shares, compared to its average volume of 3,364,259. The company’s fifty day simple moving average is $88.07 and its 200 day simple moving average is $82.96. iShares S&P 500 Growth ETF has a 12-month low of $65.53 and a 12-month high of $94.90. The firm has a market cap of $49.69 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.