Spinnaker Investment Group LLC Acquires Shares of 5,618 iShares S&P 500 Growth ETF $IVW

Spinnaker Investment Group LLC bought a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,618 shares of the company’s stock, valued at approximately $773,000.

Other hedge funds have also recently modified their holdings of the company. Cooper Financial Group boosted its holdings in iShares S&P 500 Growth ETF by 0.7% in the 2nd quarter. Cooper Financial Group now owns 10,864 shares of the company’s stock worth $1,494,000 after buying an additional 80 shares during the last quarter. Proactive Wealth Strategies LLC raised its holdings in shares of iShares S&P 500 Growth ETF by 1.0% during the fourth quarter. Proactive Wealth Strategies LLC now owns 8,817 shares of the company’s stock valued at $1,087,000 after acquiring an additional 86 shares during the last quarter. Ignite Planners LLC boosted its stake in shares of iShares S&P 500 Growth ETF by 4.7% in the fourth quarter. Ignite Planners LLC now owns 1,948 shares of the company’s stock worth $241,000 after acquiring an additional 88 shares during the last quarter. Quadcap Wealth Management LLC increased its position in shares of iShares S&P 500 Growth ETF by 1.7% during the first quarter. Quadcap Wealth Management LLC now owns 5,386 shares of the company’s stock worth $609,000 after purchasing an additional 89 shares in the last quarter. Finally, First National Bank & Trust Co. of Newtown increased its position in shares of iShares S&P 500 Growth ETF by 1.3% during the fourth quarter. First National Bank & Trust Co. of Newtown now owns 7,859 shares of the company’s stock worth $969,000 after purchasing an additional 100 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock opened at $141.75 on Tuesday. The stock’s fifty day moving average is $136.32 and its two-hundred day moving average is $128.47. The firm has a market capitalization of $77.39 billion, a P/E ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a fifty-two week low of $108.13 and a fifty-two week high of $143.26.

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. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.