Envestnet Asset Management Inc. Sells 48,186 Shares of iShares S&P 500 Growth ETF $IVW

Envestnet Asset Management Inc. cut its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 0.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,275,443 shares of the company’s stock after selling 48,186 shares during the period. iShares S&P 500 Growth ETF makes up approximately 1.0% of Envestnet Asset Management Inc.’s investment portfolio, making the stock its 12th largest holding. Envestnet Asset Management Inc. owned 8.96% of iShares S&P 500 Growth ETF worth $6,776,848,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IVW. Investors Research Corp raised its position in shares of iShares S&P 500 Growth ETF by 1.4% during the second quarter. Investors Research Corp now owns 5,414 shares of the company’s stock worth $745,000 after purchasing an additional 75 shares during the period. Cooper Financial Group grew its position in shares of iShares S&P 500 Growth ETF by 0.7% in the 2nd quarter. Cooper Financial Group now owns 10,864 shares of the company’s stock valued at $1,494,000 after purchasing an additional 80 shares during the period. Cornerstone Wealth Management LLC increased its stake in iShares S&P 500 Growth ETF by 0.4% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 18,502 shares of the company’s stock worth $2,545,000 after purchasing an additional 80 shares in the last quarter. Quadcap Wealth Management LLC increased its stake in iShares S&P 500 Growth ETF by 1.7% during the 1st quarter. Quadcap Wealth Management LLC now owns 5,386 shares of the company’s stock worth $609,000 after purchasing an additional 89 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in iShares S&P 500 Growth ETF by 0.4% during the 2nd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 25,373 shares of the company’s stock worth $3,490,000 after purchasing an additional 96 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

IVW stock traded down $1.35 during mid-day trading on Wednesday, hitting $142.21. 1,369,406 shares of the company were exchanged, compared to its average volume of 3,139,905. iShares S&P 500 Growth ETF has a 1-year low of $108.13 and a 1-year high of $143.89. The firm’s 50 day simple moving average is $138.52 and its 200 day simple moving average is $132.49. The firm has a market cap of $78.24 billion, a P/E ratio of 33.33 and a beta of 1.17.

iShares S&P 500 Growth ETF Company 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. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.