Envestnet Portfolio Solutions Inc. Has $428.72 Million Stake in iShares S&P 500 Growth ETF $IVW

Envestnet Portfolio Solutions Inc. reduced its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 5.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,551,332 shares of the company’s stock after selling 195,055 shares during the quarter. iShares S&P 500 Growth ETF makes up about 1.6% of Envestnet Portfolio Solutions Inc.’s portfolio, making the stock its 17th biggest holding. Envestnet Portfolio Solutions Inc. owned 0.65% of iShares S&P 500 Growth ETF worth $428,717,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Investment Management Corp VA ADV boosted its position in iShares S&P 500 Growth ETF by 1.6% during the third quarter. Investment Management Corp VA ADV now owns 17,250 shares of the company’s stock worth $2,082,000 after purchasing an additional 273 shares during the period. Elevation Capital Advisory LLC bought a new position in shares of iShares S&P 500 Growth ETF in the third quarter valued at about $9,561,000. UNIVEST FINANCIAL Corp lifted its stake in shares of iShares S&P 500 Growth ETF by 4.9% during the 3rd quarter. UNIVEST FINANCIAL Corp now owns 3,922 shares of the company’s stock worth $473,000 after buying an additional 183 shares during the last quarter. Flagship Wealth Advisors LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 27.0% during the 3rd quarter. Flagship Wealth Advisors LLC now owns 49,539 shares of the company’s stock worth $5,980,000 after buying an additional 10,534 shares during the last quarter. Finally, Facet Wealth Inc. boosted its holdings in shares of iShares S&P 500 Growth ETF by 106.2% during the 3rd quarter. Facet Wealth Inc. now owns 9,838 shares of the company’s stock worth $1,188,000 after buying an additional 5,068 shares during the period.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW opened at $123.00 on Friday. The firm has a market cap of $66.11 billion, a P/E ratio of 33.33 and a beta of 1.11. iShares S&P 500 Growth ETF has a 52 week low of $79.31 and a 52 week high of $126.61. The firm’s 50-day simple moving average is $122.98 and its 200 day simple moving average is $119.49.

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.