Avidian Wealth Enterprises LLC Has $4.42 Million Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Avidian Wealth Enterprises LLC reduced its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 9.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,206 shares of the company’s stock after selling 4,864 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in iShares S&P 500 Growth ETF were worth $4,424,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in iShares S&P 500 Growth ETF by 47.0% during the second quarter. Envestnet Asset Management Inc. now owns 49,022,359 shares of the company’s stock worth $4,536,529,000 after purchasing an additional 15,673,824 shares during the last quarter. LPL Financial LLC raised its stake in iShares S&P 500 Growth ETF by 35.2% in the second quarter. LPL Financial LLC now owns 15,426,906 shares of the company’s stock valued at $1,427,606,000 after buying an additional 4,015,007 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in shares of iShares S&P 500 Growth ETF by 60.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,371,552 shares of the company’s stock valued at $589,623,000 after buying an additional 2,404,544 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of iShares S&P 500 Growth ETF by 200.4% during the 1st quarter. Cetera Investment Advisers now owns 2,545,315 shares of the company’s stock worth $214,926,000 after acquiring an additional 1,698,066 shares during the period. Finally, Park Avenue Securities LLC increased its holdings in shares of iShares S&P 500 Growth ETF by 60.1% during the 2nd quarter. Park Avenue Securities LLC now owns 4,243,838 shares of the company’s stock worth $392,725,000 after acquiring an additional 1,593,875 shares during the last quarter.

iShares S&P 500 Growth ETF Price Performance

IVW stock opened at $96.83 on Wednesday. iShares S&P 500 Growth ETF has a one year low of $69.29 and a one year high of $98.68. The stock has a market cap of $50.73 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. The company has a fifty day moving average price of $94.81 and a two-hundred day moving average price of $91.35.

iShares S&P 500 Growth ETF 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.