Envestnet Asset Management Inc. Decreases Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Envestnet Asset Management Inc. lowered its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,729,472 shares of the company’s stock after selling 762,253 shares during the quarter. iShares S&P 500 Growth ETF makes up approximately 1.5% of Envestnet Asset Management Inc.’s investment portfolio, making the stock its 7th largest position. Envestnet Asset Management Inc. owned 0.09% of iShares S&P 500 Growth ETF worth $4,642,913,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in IVW. Riverwater Partners LLC bought a new position in iShares S&P 500 Growth ETF in the fourth quarter valued at about $205,000. Wells Fargo & Company MN increased its stake in shares of iShares S&P 500 Growth ETF by 6.4% in the fourth quarter. Wells Fargo & Company MN now owns 16,602,697 shares of the company’s stock valued at $1,685,672,000 after buying an additional 999,882 shares during the period. Prudential PLC raised its holdings in iShares S&P 500 Growth ETF by 148.2% in the 4th quarter. Prudential PLC now owns 414,700 shares of the company’s stock valued at $42,104,000 after buying an additional 247,600 shares during the last quarter. PAX Financial Group LLC boosted its position in iShares S&P 500 Growth ETF by 3.4% during the 4th quarter. PAX Financial Group LLC now owns 184,477 shares of the company’s stock worth $18,730,000 after buying an additional 6,035 shares during the period. Finally, Wescott Financial Advisory Group LLC boosted its position in iShares S&P 500 Growth ETF by 8.8% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 78,535 shares of the company’s stock worth $7,974,000 after buying an additional 6,364 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA IVW opened at $83.65 on Friday. The firm has a 50 day moving average price of $99.33 and a two-hundred day moving average price of $99.74. The stock has a market cap of $46.05 billion, a P/E ratio of 30.22 and a beta of 1.08. iShares S&P 500 Growth ETF has a 52-week low of $79.07 and a 52-week high of $107.14.

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.