Kestra Investment Management LLC Takes $302,000 Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Kestra Investment Management LLC purchased a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,154 shares of the company’s stock, valued at approximately $302,000.

Several other institutional investors have also made changes to their positions in the stock. Envestnet Asset Management Inc. grew its holdings 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 valued at $4,536,529,000 after acquiring an additional 15,673,824 shares in the last quarter. LPL Financial LLC grew its stake in iShares S&P 500 Growth ETF by 1.7% in the third quarter. LPL Financial LLC now owns 15,682,897 shares of the company’s stock valued at $1,501,637,000 after purchasing an additional 255,991 shares in the last quarter. Ameriprise Financial Inc. increased its position in iShares S&P 500 Growth ETF by 6.8% in the 2nd 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 during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of iShares S&P 500 Growth ETF by 60.6% during 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. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of iShares S&P 500 Growth ETF by 2.6% during 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 buying an additional 134,169 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of NYSEARCA IVW opened at $101.65 on Tuesday. The stock has a market cap of $53.25 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. The business has a 50 day simple moving average of $97.70 and a 200 day simple moving average of $93.50. iShares S&P 500 Growth ETF has a 52 week low of $71.93 and a 52 week high of $101.83.

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.