iShares S&P 500 Growth ETF (NYSEARCA:IVW) is Concorde Asset Management LLC’s 8th Largest Position

Concorde Asset Management LLC boosted its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 61.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,795 shares of the company’s stock after purchasing an additional 14,373 shares during the quarter. iShares S&P 500 Growth ETF comprises approximately 2.2% of Concorde Asset Management LLC’s investment portfolio, making the stock its 8th largest position. Concorde Asset Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $3,498,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in shares of iShares S&P 500 Growth ETF by 47.0% in the second 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of iShares S&P 500 Growth ETF by 1.5% during the 1st quarter. JPMorgan Chase & Co. now owns 46,660,015 shares of the company’s stock worth $3,939,972,000 after acquiring an additional 709,113 shares during the period. LPL Financial LLC increased its position in 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 worth $1,427,606,000 after purchasing an additional 4,015,007 shares during the last quarter. Stifel Financial Corp grew its stake in shares of iShares S&P 500 Growth ETF by 0.8% in the 4th quarter. Stifel Financial Corp now owns 6,968,324 shares of the company’s stock valued at $523,327,000 after buying an additional 58,292 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its holdings 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 buying an additional 2,404,544 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of iShares S&P 500 Growth ETF stock opened at $92.82 on Thursday. iShares S&P 500 Growth ETF has a fifty-two week low of $65.53 and a fifty-two week high of $97.22. The firm has a market capitalization of $48.63 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. The stock has a 50 day moving average of $91.44 and a 200 day moving average of $88.27.

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.