iShares S&P 500 Growth ETF (NYSEARCA:IVW) Sees Strong Trading Volume

iShares S&P 500 Growth ETF (NYSEARCA:IVW) shares saw unusually-strong trading volume on Thursday . Approximately 10,121,384 shares changed hands during mid-day trading, an increase of 218% from the previous session’s volume of 3,187,444 shares.The stock last traded at $90.35 and had previously closed at $90.14.

iShares S&P 500 Growth ETF Stock Down 2.2 %

The stock has a market capitalization of $46.22 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. The stock’s 50-day simple moving average is $91.95 and its 200 day simple moving average is $87.68.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IVW. Envestnet Asset Management Inc. grew its stake in shares of iShares S&P 500 Growth ETF by 47.0% during 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 purchasing an additional 15,673,824 shares during the last quarter. LPL Financial LLC grew its holdings in iShares S&P 500 Growth ETF by 35.2% during the 2nd 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 period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of 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 valued at $589,623,000 after purchasing an additional 2,404,544 shares during the period. Cetera Investment Advisers boosted its position in shares of iShares S&P 500 Growth ETF by 200.4% in the 1st 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 during the last quarter. Finally, CWM LLC increased its holdings in iShares S&P 500 Growth ETF by 57.0% in the first quarter. CWM LLC now owns 4,419,212 shares of the company’s stock valued at $373,158,000 after purchasing an additional 1,604,659 shares during the last quarter.

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.