iShares S&P 500 Growth ETF $IVW Stock Position Reduced by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,569,833 shares of the company’s stock after selling 83,950 shares during the period. iShares S&P 500 Growth ETF comprises about 2.4% of Envestnet Portfolio Solutions Inc.’s holdings, making the stock its 8th largest position. Envestnet Portfolio Solutions Inc.’s holdings in iShares S&P 500 Growth ETF were worth $490,959,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Strive Financial Group LLC acquired a new stake in shares of iShares S&P 500 Growth ETF during the 4th quarter worth about $26,000. Financial Network Wealth Advisors LLC boosted its holdings in iShares S&P 500 Growth ETF by 174.4% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after purchasing an additional 143 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new position in iShares S&P 500 Growth ETF in the third quarter valued at approximately $28,000. Darwin Wealth Management LLC purchased a new position in iShares S&P 500 Growth ETF in the second quarter valued at approximately $30,000. Finally, Entrust Financial LLC purchased a new position in iShares S&P 500 Growth ETF in the fourth quarter valued at approximately $33,000.

iShares S&P 500 Growth ETF Trading Up 0.7%

IVW stock opened at $142.54 on Friday. The stock has a market cap of $77.82 billion, a P/E ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a twelve month low of $108.13 and a twelve month high of $143.26. The company’s 50 day moving average is $136.39 and its two-hundred day moving average is $128.86.

About iShares S&P 500 Growth ETF

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.