Commonwealth Equity Services LLC Has $212.67 Million Stock Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Commonwealth Equity Services LLC trimmed its stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,831,843 shares of the company’s stock after selling 84,761 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.58% of iShares S&P 500 Growth ETF worth $212,671,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IVW. Envestnet Asset Management Inc. increased its position in iShares S&P 500 Growth ETF by 54.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 21,690,571 shares of the company’s stock worth $1,484,069,000 after purchasing an additional 7,681,845 shares in the last quarter. LPL Financial LLC grew its holdings in iShares S&P 500 Growth ETF by 35.1% during the 3rd quarter. LPL Financial LLC now owns 7,697,945 shares of the company’s stock worth $526,693,000 after acquiring an additional 1,998,078 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in iShares S&P 500 Growth ETF during the 3rd quarter worth approximately $133,439,000. Morgan Stanley grew its holdings in iShares S&P 500 Growth ETF by 5.5% during the 3rd quarter. Morgan Stanley now owns 29,378,514 shares of the company’s stock worth $2,010,078,000 after acquiring an additional 1,542,503 shares during the last quarter. Finally, Comerica Bank bought a new stake in iShares S&P 500 Growth ETF during the 3rd quarter worth approximately $75,684,000.

iShares S&P 500 Growth ETF Trading Up 1.1 %

IVW traded up $0.88 during trading on Thursday, reaching $81.69. 1,094,582 shares of the company’s stock were exchanged, compared to its average volume of 3,513,057. iShares S&P 500 Growth ETF has a one year low of $63.19 and a one year high of $85.56. The stock has a market capitalization of $42.66 billion, a PE ratio of 27.41 and a beta of 1.12. The firm has a fifty day moving average price of $83.10 and a two-hundred day moving average price of $77.32.

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.