Diversified Portfolios Inc. Sells 1,284 Shares of iShares S&P 500 Growth Index (IVW)

Diversified Portfolios Inc. trimmed its holdings in shares of iShares S&P 500 Growth Index (NYSEARCA:IVW) by 7.4% in the fourth quarter, HoldingsChannel reports. The firm owned 16,150 shares of the company’s stock after selling 1,284 shares during the period. iShares S&P 500 Growth Index makes up about 1.3% of Diversified Portfolios Inc.’s portfolio, making the stock its 13th biggest holding. Diversified Portfolios Inc.’s holdings in iShares S&P 500 Growth Index were worth $2,467,000 as of its most recent SEC filing.

Separately, Jaffetilchin Investment Partners LLC grew its stake in iShares S&P 500 Growth Index by 94.7% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 10,388 shares of the company’s stock worth $1,587,000 after acquiring an additional 5,052 shares during the period.

iShares S&P 500 Growth Index (NYSEARCA:IVW) traded down $0.45 during mid-day trading on Wednesday, reaching $157.82. 918,575 shares of the company’s stock traded hands, compared to its average volume of 1,056,871. The stock has a market cap of $20,270.00 and a PE ratio of 11.08. iShares S&P 500 Growth Index has a 12-month low of $123.39 and a 12-month high of $158.61.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Wednesday, December 20th were paid a $0.5263 dividend. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $2.11 annualized dividend and a yield of 1.33%. iShares S&P 500 Growth Index’s payout ratio is currently 13.97%.

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Want to see what other hedge funds are holding IVW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P 500 Growth Index (NYSEARCA:IVW).

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