Objective Capital Management LLC Invests $3.80 Million in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Objective Capital Management LLC purchased a new stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 39,701 shares of the company’s stock, valued at approximately $3,801,000. iShares S&P 500 Growth ETF comprises 2.2% of Objective Capital Management LLC’s holdings, making the stock its 7th biggest holding.

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

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW traded up $0.31 during mid-day trading on Friday, reaching $101.14. The company had a trading volume of 7,811,511 shares, compared to its average volume of 2,924,653. The company has a market capitalization of $52.99 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. The firm has a 50-day moving average price of $95.27 and a 200 day moving average price of $91.62. iShares S&P 500 Growth ETF has a 52 week low of $69.67 and a 52 week high of $101.36.

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.