Arete Wealth Advisors LLC Cuts Stock Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Arete Wealth Advisors LLC decreased its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 21.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 21,328 shares of the company’s stock after selling 5,905 shares during the period. Arete Wealth Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $2,034,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted 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 worth $4,536,529,000 after buying an additional 15,673,824 shares during the last quarter. LPL Financial LLC increased its stake in iShares S&P 500 Growth ETF by 1.7% during the 3rd quarter. LPL Financial LLC now owns 15,682,897 shares of the company’s stock worth $1,501,637,000 after buying an additional 255,991 shares in the last quarter. Stifel Financial Corp increased its stake in iShares S&P 500 Growth ETF by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 7,475,408 shares of the company’s stock worth $715,775,000 after buying an additional 22,565 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of iShares S&P 500 Growth ETF by 6.8% during the second quarter. Ameriprise Financial Inc. now owns 7,363,062 shares of the company’s stock worth $680,575,000 after purchasing an additional 467,356 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in iShares S&P 500 Growth ETF by 2.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,329,231 shares of the company’s stock valued at $510,274,000 after purchasing an additional 134,169 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA IVW opened at $103.15 on Wednesday. The business has a fifty day moving average price of $98.60 and a 200 day moving average price of $94.19. iShares S&P 500 Growth ETF has a one year low of $72.69 and a one year high of $104.15. The company has a market cap of $54.04 billion, a P/E 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.