Commonwealth Equity Services LLC Sells 11,586 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Commonwealth Equity Services LLC reduced its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 902,753 shares of the company’s stock after selling 11,586 shares during the period. iShares S&P 500 Growth ETF makes up 0.7% of Commonwealth Equity Services LLC’s portfolio, making the stock its 28th biggest holding. Commonwealth Equity Services LLC owned about 0.69% of iShares S&P 500 Growth ETF worth $155,598,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in shares of iShares S&P 500 Growth ETF by 2.8% during the 4th quarter. Bank of America Corp DE now owns 5,696,908 shares of the company’s stock worth $858,353,000 after acquiring an additional 155,260 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in iShares S&P 500 Growth ETF by 0.7% in the first quarter. Jones Financial Companies Lllp now owns 3,403,829 shares of the company’s stock worth $586,684,000 after purchasing an additional 22,710 shares during the last quarter. Ellis Investment Partners LLC lifted its stake in iShares S&P 500 Growth ETF by 17,384.5% in the first quarter. Ellis Investment Partners LLC now owns 2,927,087 shares of the company’s stock worth $2,927,000 after purchasing an additional 2,910,346 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in iShares S&P 500 Growth ETF by 56.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,679,058 shares of the company’s stock worth $403,654,000 after purchasing an additional 971,693 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in iShares S&P 500 Growth ETF by 3.9% in the fourth quarter. LPL Financial LLC now owns 2,469,242 shares of the company’s stock worth $372,041,000 after purchasing an additional 92,302 shares during the last quarter.

iShares S&P 500 Growth ETF stock traded up $0.64 during mid-day trading on Friday, hitting $179.24. The company’s stock had a trading volume of 435,268 shares, compared to its average volume of 671,035. The business has a 50 day moving average of $175.54. iShares S&P 500 Growth ETF has a 12 month low of $140.49 and a 12 month high of $181.59.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Tuesday, June 18th were paid a dividend of $0.7493 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.67%. This is an increase from iShares S&P 500 Growth ETF’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, June 17th.

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.

Further Reading: Certificate of Deposit (CD) For Risk Adverse Investors?

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

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