Pettinga Financial Advisors LLC Cuts Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Pettinga Financial Advisors LLC trimmed its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 1.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 298,791 shares of the company’s stock after selling 4,650 shares during the period. iShares S&P 500 Growth ETF accounts for about 6.8% of Pettinga Financial Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Pettinga Financial Advisors LLC owned approximately 0.06% of iShares S&P 500 Growth ETF worth $28,609,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in iShares S&P 500 Growth ETF by 47.0% in the 2nd 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 during the last quarter. LPL Financial LLC grew its stake 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 acquiring an additional 4,015,007 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position 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 during the period. Cetera Investment Advisers raised its stake in iShares S&P 500 Growth ETF by 200.4% during the 1st quarter. Cetera Investment Advisers now owns 2,545,315 shares of the company’s stock valued at $214,926,000 after purchasing an additional 1,698,066 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in iShares S&P 500 Growth ETF by 60.1% in the 2nd 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 Stock Performance

NYSEARCA:IVW opened at $98.33 on Monday. The firm’s 50-day moving average is $96.26 and its 200-day moving average is $92.42. The company has a market cap of $51.52 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 52-week low of $71.68 and a 52-week high of $101.55.

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.