Spinnaker Investment Group LLC Invests $773,000 in iShares S&P 500 Growth ETF $IVW

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

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cooper Financial Group boosted its stake in iShares S&P 500 Growth ETF by 0.7% during the second 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 4th quarter. Proactive Wealth Strategies LLC now owns 8,817 shares of the company’s stock worth $1,087,000 after acquiring an additional 86 shares during the period. Ignite Planners LLC raised its holdings in shares of iShares S&P 500 Growth ETF by 4.7% during the 4th 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 period. Quadcap Wealth Management LLC boosted its position in shares of iShares S&P 500 Growth ETF by 1.7% during the 1st quarter. Quadcap Wealth Management LLC now owns 5,386 shares of the company’s stock valued at $609,000 after acquiring an additional 89 shares during the last quarter. Finally, First National Bank & Trust Co. of Newtown grew its holdings in shares of iShares S&P 500 Growth ETF by 1.3% in the fourth quarter. First National Bank & Trust Co. of Newtown now owns 7,859 shares of the company’s stock valued at $969,000 after purchasing an additional 100 shares during the period.

iShares S&P 500 Growth ETF Trading Down 0.2%

iShares S&P 500 Growth ETF stock opened at $141.75 on Tuesday. The company has a 50-day moving average price of $136.32 and a 200 day moving average price of $128.47. iShares S&P 500 Growth ETF has a 12-month low of $108.13 and a 12-month high of $143.26. The stock has a market cap of $77.39 billion, a P/E ratio of 33.33 and a beta of 1.17.

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. 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.