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

Covenant Partners LLC decreased its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 18.5% during the third quarter, HoldingsChannel reports. The institutional investor 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 also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake 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 valued at $4,536,529,000 after purchasing an additional 15,673,824 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of 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 valued at $1,427,606,000 after purchasing an additional 4,015,007 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted 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 valued at $589,623,000 after buying an additional 2,404,544 shares during the last quarter. Cetera Investment Advisers increased its holdings 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 buying an additional 1,698,066 shares in the last quarter. Finally, Park Avenue Securities LLC raised its position 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 worth $392,725,000 after buying an additional 1,593,875 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Up 0.5 %

Shares of NYSEARCA IVW traded up $0.49 during trading on Friday, reaching $97.56. 3,090,376 shares of the company traded hands, compared to its average volume of 2,947,104. The firm has a 50 day simple moving average of $94.36 and a 200-day simple moving average of $90.54. iShares S&P 500 Growth ETF has a 52-week low of $65.53 and a 52-week high of $98.41. The stock has a market capitalization of $51.11 billion, a PE ratio of 28.52 and a beta of 1.14.

About iShares S&P 500 Growth ETF

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.