Avidian Wealth Enterprises LLC Has $4.42 Million Stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Avidian Wealth Enterprises LLC reduced its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 9.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 46,206 shares of the company’s stock after selling 4,864 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in iShares S&P 500 Growth ETF were worth $4,424,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position 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 buying an additional 15,673,824 shares during the period. LPL Financial LLC increased its position in iShares S&P 500 Growth ETF by 35.2% during 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 period. Envestnet Portfolio Solutions Inc. raised its stake 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 in the last quarter. Cetera Investment Advisers raised its stake in 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 in 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 Trading Up 1.4 %

Shares of IVW opened at $96.83 on Wednesday. The stock has a market capitalization of $50.73 billion, a PE ratio of 28.52 and a beta of 1.14. The firm’s 50 day moving average is $94.81 and its 200-day moving average is $91.35. iShares S&P 500 Growth ETF has a 12 month low of $69.29 and a 12 month high of $98.68.

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.