Burkett Financial Services LLC Decreases Stock Holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Burkett Financial Services LLC reduced its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 26.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 7,839 shares of the company’s stock after selling 2,760 shares during the quarter. iShares S&P 500 Growth ETF accounts for approximately 0.3% of Burkett Financial Services LLC’s investment portfolio, making the stock its 27th biggest holding. Burkett Financial Services LLC’s holdings in iShares S&P 500 Growth ETF were worth $751,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its holdings in shares of iShares S&P 500 Growth ETF by 47.0% during the second quarter. Envestnet Asset Management Inc. now owns 49,022,359 shares of the company’s stock worth $4,536,529,000 after purchasing an additional 15,673,824 shares during the last quarter. JPMorgan Chase & Co. raised its position in iShares S&P 500 Growth ETF by 1.5% in the 1st quarter. JPMorgan Chase & Co. now owns 46,660,015 shares of the company’s stock valued at $3,939,972,000 after purchasing an additional 709,113 shares during the last quarter. LPL Financial LLC boosted its stake in iShares S&P 500 Growth ETF by 35.2% during the 2nd 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 period. Ameriprise Financial Inc. boosted its stake in iShares S&P 500 Growth ETF by 6.8% during 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 period. Finally, Envestnet Portfolio Solutions Inc. grew its position in 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 during the last quarter.

iShares S&P 500 Growth ETF Price Performance

Shares of NYSEARCA:IVW traded up $0.34 on Wednesday, reaching $96.48. The company’s stock had a trading volume of 278,891 shares, compared to its average volume of 3,020,603. iShares S&P 500 Growth ETF has a 52-week low of $65.53 and a 52-week high of $97.22. The stock has a market capitalization of $50.55 billion, a P/E ratio of 28.52 and a beta of 1.14. The stock’s 50-day moving average is $92.18 and its two-hundred day moving average is $89.45.

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.