Envestnet Portfolio Solutions Inc. Sells 195,055 Shares of iShares S&P 500 Growth ETF $IVW

Envestnet Portfolio Solutions Inc. decreased its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,551,332 shares of the company’s stock after selling 195,055 shares during the period. iShares S&P 500 Growth ETF makes up 1.6% of Envestnet Portfolio Solutions Inc.’s holdings, making the stock its 17th biggest position. Envestnet Portfolio Solutions Inc.’s holdings in iShares S&P 500 Growth ETF were worth $428,717,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Davis Capital Management acquired a new position in shares of iShares S&P 500 Growth ETF in the third quarter valued at about $28,000. Darwin Wealth Management LLC acquired a new stake in iShares S&P 500 Growth ETF in the 2nd quarter worth about $30,000. Financial Consulate Inc. bought a new stake in iShares S&P 500 Growth ETF in the 3rd quarter valued at about $41,000. Morgan Dempsey Capital Management LLC bought a new stake in iShares S&P 500 Growth ETF in the 2nd quarter valued at about $44,000. Finally, ST Germain D J Co. Inc. grew its position in shares of iShares S&P 500 Growth ETF by 655.4% during the 2nd quarter. ST Germain D J Co. Inc. now owns 423 shares of the company’s stock worth $47,000 after purchasing an additional 367 shares in the last quarter.

iShares S&P 500 Growth ETF Trading Up 0.8%

Shares of IVW opened at $123.00 on Friday. iShares S&P 500 Growth ETF has a 12 month low of $79.31 and a 12 month high of $126.61. The firm’s 50 day moving average is $122.98 and its 200-day moving average is $119.49. The stock has a market capitalization of $66.11 billion, a PE ratio of 33.33 and a beta of 1.11.

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.