iShares S&P 500 Growth ETF (NYSEARCA:IVW) Shares Sold by Avestar Capital LLC

Avestar Capital LLC lessened its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 5.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 82,415 shares of the company’s stock after selling 4,863 shares during the quarter. iShares S&P 500 Growth ETF accounts for about 0.8% of Avestar Capital LLC’s portfolio, making the stock its 23rd largest holding. Avestar Capital LLC’s holdings in iShares S&P 500 Growth ETF were worth $7,891,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased 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 valued at $4,536,529,000 after buying an additional 15,673,824 shares in the last quarter. LPL Financial LLC increased its stake in shares of iShares S&P 500 Growth ETF by 35.2% in the 2nd quarter. LPL Financial LLC now owns 15,426,906 shares of the company’s stock valued at $1,427,606,000 after purchasing an additional 4,015,007 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in iShares S&P 500 Growth ETF by 60.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,371,552 shares of the company’s stock worth $589,623,000 after purchasing an additional 2,404,544 shares during the period. Cetera Investment Advisers boosted its position in iShares S&P 500 Growth ETF by 200.4% during 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 in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in iShares S&P 500 Growth ETF by 60.1% in 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 during the period.

iShares S&P 500 Growth ETF Price Performance

Shares of IVW stock opened at $100.29 on Tuesday. The stock has a 50 day simple moving average of $97.19 and a 200-day simple moving average of $93.08. iShares S&P 500 Growth ETF has a 1-year low of $71.93 and a 1-year high of $101.55. The company has a market cap of $52.54 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14.

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.