Maiden Cove Capital LLC acquired a new stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,756 shares of the company’s stock, valued at approximately $537,000. iShares S&P 500 Growth ETF makes up approximately 1.1% of Maiden Cove Capital LLC’s investment portfolio, making the stock its 27th biggest holding.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in shares of 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 acquiring an additional 15,673,824 shares in the last quarter. LPL Financial LLC grew its holdings in iShares S&P 500 Growth ETF by 35.2% in the second quarter. LPL Financial LLC now owns 15,426,906 shares of the company’s stock worth $1,427,606,000 after purchasing an additional 4,015,007 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of iShares S&P 500 Growth ETF by 60.6% during the second 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 lifted its holdings in shares of 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 purchasing an additional 1,698,066 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its position in shares of 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 worth $392,725,000 after purchasing an additional 1,593,875 shares in the last quarter.
iShares S&P 500 Growth ETF Stock Performance
IVW stock traded up $0.31 on Friday, hitting $101.14. 7,811,511 shares of the company’s stock were exchanged, compared to its average volume of 2,924,653. The firm has a 50 day moving average price of $95.27 and a two-hundred day moving average price of $91.62. iShares S&P 500 Growth ETF has a 12-month low of $69.67 and a 12-month high of $101.36. The stock has a market cap of $52.99 billion, a P/E ratio of 28.52 and a beta of 1.14.
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.
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