Capital Investment Advisors LLC Sells Shares of iShares S&P 500 Growth ETF

Capital Investment Advisors LLC has reduced its investment in shares of the iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 20.5% during the third quarter. The information comes from their most recent Form 13F filing submitted to the SEC. After this sale, the firm now holds 6,508 shares of the ETF, having sold 1,682 shares during the quarter. As of the last filing, the value of Capital Investment Advisors LLC’s stake in the iShares S&P 500 Growth ETF was estimated at $623,000.

In addition to Capital Investment Advisors LLC, various other institutional investors have made adjustments to their holdings in IVW. For instance, Envestnet Asset Management Inc. increased its stake in the iShares S&P 500 Growth ETF by 47.0% in the second quarter, acquiring an additional 15,673,824 shares, bringing their total to 49,022,359 shares worth approximately $4.54 billion. Similarly, LPL Financial LLC raised its holdings by 35.2%, now owning 15,426,906 shares valued at about $1.43 billion after purchasing an extra 4,015,007 shares.

Moreover, Envestnet Portfolio Solutions Inc. increased its holdings by 60.6% during the second quarter, currently owning 6,371,552 shares worth around $589.62 million after purchasing an additional 2,404,544 shares. Cetera Investment Advisers also significantly boosted its position in the first quarter by 200.4%, now holding 2,545,315 shares valued at $214.93 million after acquiring another 1,698,066 shares. Furthermore, Park Avenue Securities LLC raised its stake in the ETF by 60.1%, bringing its total ownership to 4,243,838 shares worth approximately $392.73 million.

iShares S&P 500 Growth ETF Performance

The iShares S&P 500 Growth ETF, which opened at $97.52 on Monday, holds a market capitalization of $51.09 billion. The ETF has a price-to-earnings (PE) ratio of 28.52 and a beta of 1.14, indicating a moderate level of volatility. Over the past year, the ETF has recorded a low of $65.53 and a high of $98.05. The 50-day simple moving average stands at $93.72, while the 200-day simple moving average is at $90.16.

About iShares S&P 500 Growth ETF

The iShares S&P 500 Growth ETF, previously known as the iShares S&P 500 Growth Index Fund, is an exchange-traded fund that aims to track the performance of the S&P 500/Citigroup Growth Index. This index reflects the performance of the growth sector among large-cap U.S. companies.

investment, growth, ETF