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

Envestnet Asset Management Inc. reduced its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 0.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 49,275,443 shares of the company’s stock after selling 48,186 shares during the quarter. iShares S&P 500 Growth ETF accounts for about 1.0% of Envestnet Asset Management Inc.’s investment portfolio, making the stock its 12th biggest holding. Envestnet Asset Management Inc. owned about 0.09% of iShares S&P 500 Growth ETF worth $6,776,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Financial Network Wealth Advisors LLC lifted its stake 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 acquiring an additional 143 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of iShares S&P 500 Growth ETF in the 1st quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of iShares S&P 500 Growth ETF by 1,071.4% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 246 shares of the company’s stock worth $34,000 after purchasing an additional 225 shares during the last quarter. First Pacific Financial acquired a new position in shares of iShares S&P 500 Growth ETF during the 2nd quarter worth about $34,000. Finally, Hurley Capital LLC bought a new stake in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at about $45,000.

iShares S&P 500 Growth ETF Stock Down 0.9%

Shares of IVW stock traded down $1.35 on Wednesday, reaching $142.21. The stock had a trading volume of 1,369,406 shares, compared to its average volume of 3,139,905. iShares S&P 500 Growth ETF has a 12 month low of $108.13 and a 12 month high of $143.89. The firm has a market capitalization of $78.24 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. The firm’s 50-day moving average is $138.52 and its two-hundred day moving average is $132.49.

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.