Brown Miller Wealth Management LLC Sells 2,629 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Brown Miller Wealth Management LLC lowered its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 47.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,959 shares of the company’s stock after selling 2,629 shares during the period. Brown Miller Wealth Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $283,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in IVW. Envestnet Asset Management Inc. raised 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 acquiring an additional 15,673,824 shares during the period. JPMorgan Chase & Co. grew its position in shares of iShares S&P 500 Growth ETF by 1.5% in the first 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 increased its stake in shares of 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 period. Ameriprise Financial Inc. lifted its position in shares of 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 last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position 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 during the last quarter.

iShares S&P 500 Growth ETF Stock Up 0.2 %

IVW opened at $96.90 on Friday. The stock’s 50 day moving average price is $92.62 and its two-hundred day moving average price is $89.67. The firm has a market capitalization of $50.77 billion, a P/E ratio of 28.52 and a beta of 1.14. iShares S&P 500 Growth ETF has a 12-month low of $65.53 and a 12-month high of $97.22.

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.