Cambridge Capital Management LLC Buys Shares of 13,121 iShares S&P 500 Growth ETF $IVW

Cambridge Capital Management LLC purchased a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the second quarter, HoldingsChannel reports. The firm purchased 13,121 shares of the company’s stock, valued at approximately $1,445,000. iShares S&P 500 Growth ETF makes up approximately 0.8% of Cambridge Capital Management LLC’s investment portfolio, making the stock its 18th largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Flaharty Asset Management LLC acquired a new position in shares of iShares S&P 500 Growth ETF during the 1st quarter worth $26,000. Elite Financial Inc. acquired a new position in shares of iShares S&P 500 Growth ETF during the 1st quarter worth $26,000. Mechanics Financial Corp acquired a new position in shares of iShares S&P 500 Growth ETF during the 1st quarter worth $27,000. Ryan Investment Management Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF in the second quarter valued at $36,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of iShares S&P 500 Growth ETF in the first quarter valued at $33,000.

iShares S&P 500 Growth ETF Stock Down 0.6%

Shares of NYSEARCA:IVW opened at $120.48 on Thursday. iShares S&P 500 Growth ETF has a 52-week low of $79.31 and a 52-week high of $122.66. The stock’s fifty day simple moving average is $118.39 and its 200-day simple moving average is $108.73. The company has a market capitalization of $65.50 billion, a P/E ratio of 33.33 and a beta of 1.05.

iShares S&P 500 Growth ETF Company 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.