Covenant Partners LLC Trims Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Covenant Partners LLC trimmed its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 18.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,539 shares of the company’s stock after selling 575 shares during the period. Covenant Partners LLC’s holdings in iShares S&P 500 Growth ETF were worth $243,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its stake 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 worth $4,536,529,000 after purchasing an additional 15,673,824 shares during the period. LPL Financial LLC grew its position 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 worth $1,427,606,000 after buying an additional 4,015,007 shares during the period. Envestnet Portfolio Solutions Inc. increased 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 worth $589,623,000 after acquiring an additional 2,404,544 shares in the last quarter. Cetera Investment Advisers lifted its position 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 acquiring an additional 1,698,066 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in iShares S&P 500 Growth ETF by 60.1% during the second quarter. Park Avenue Securities LLC now owns 4,243,838 shares of the company’s stock worth $392,725,000 after acquiring an additional 1,593,875 shares in the last quarter.

iShares S&P 500 Growth ETF Trading Up 0.5 %

IVW traded up $0.49 during midday trading on Friday, reaching $97.56. The company’s stock had a trading volume of 3,090,376 shares, compared to its average volume of 2,947,104. The stock’s 50-day moving average is $94.36 and its 200-day moving average is $90.54. iShares S&P 500 Growth ETF has a 1 year low of $65.53 and a 1 year high of $98.41. The firm has a market capitalization of $51.11 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14.

iShares S&P 500 Growth ETF 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.