Financial Life Advisors Lowers Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Financial Life Advisors lowered its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 8.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 361,943 shares of the company’s stock after selling 34,025 shares during the period. iShares S&P 500 Growth ETF comprises 13.6% of Financial Life Advisors’ portfolio, making the stock its biggest holding. Financial Life Advisors’ holdings in iShares S&P 500 Growth ETF were worth $33,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its holdings in iShares S&P 500 Growth ETF by 47.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 49,022,359 shares of the company’s stock worth $4,536,529,000 after acquiring an additional 15,673,824 shares during the period. LPL Financial LLC increased its holdings in shares of 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 worth $1,427,606,000 after purchasing an additional 4,015,007 shares during the period. Envestnet Portfolio Solutions Inc. raised 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 worth $589,623,000 after buying an additional 2,404,544 shares in the last quarter. Cetera Investment Advisers boosted its stake 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 valued at $214,926,000 after buying an additional 1,698,066 shares during the period. Finally, CWM LLC grew its position in iShares S&P 500 Growth ETF by 57.0% during the first quarter. CWM LLC now owns 4,419,212 shares of the company’s stock worth $373,158,000 after buying an additional 1,604,659 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Up 0.5 %

Shares of NYSEARCA IVW opened at $93.40 on Monday. The stock’s 50-day simple moving average is $91.64 and its two-hundred day simple moving average is $88.10. iShares S&P 500 Growth ETF has a twelve month low of $65.53 and a twelve month high of $97.22. The firm has a market capitalization of $48.93 billion, a P/E ratio of 28.52 and a beta of 1.14.

About iShares S&P 500 Growth ETF

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.