17,520 Shares in iShares S&P 500 Growth ETF $IVW Bought by Madrid Wealth Management LLC

Madrid Wealth Management LLC purchased a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 4th quarter, HoldingsChannel reports. The firm purchased 17,520 shares of the company’s stock, valued at approximately $2,159,000. iShares S&P 500 Growth ETF accounts for 1.8% of Madrid Wealth Management LLC’s portfolio, making the stock its 17th largest holding.

A number of other hedge funds also recently bought and sold shares of IVW. Decker Retirement Planning Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF during the fourth quarter worth approximately $28,000. Turning Point Benefit Group Inc. purchased a new position in iShares S&P 500 Growth ETF in the third quarter worth approximately $28,000. Davis Capital Management purchased a new position in iShares S&P 500 Growth ETF in the third quarter worth approximately $28,000. Howe & Rusling Inc. grew its holdings in iShares S&P 500 Growth ETF by 484.1% during the 3rd quarter. Howe & Rusling Inc. now owns 257 shares of the company’s stock worth $31,000 after acquiring an additional 213 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of iShares S&P 500 Growth ETF in the 2nd quarter valued at approximately $30,000.

iShares S&P 500 Growth ETF Trading Up 0.8%

Shares of IVW opened at $129.82 on Friday. The firm has a market capitalization of $70.28 billion, a price-to-earnings ratio of 33.33 and a beta of 1.15. The firm’s fifty day simple moving average is $120.18 and its 200-day simple moving average is $121.79. iShares S&P 500 Growth ETF has a twelve month low of $95.32 and a twelve month high of $130.51.

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.