Hidden Cove Wealth Management LLC Takes $480,000 Position in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Hidden Cove Wealth Management LLC bought a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,732 shares of the company’s stock, valued at approximately $480,000. iShares S&P 500 Growth ETF comprises 0.4% of Hidden Cove Wealth Management LLC’s portfolio, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hantz Financial Services Inc. bought a new position in shares of iShares S&P 500 Growth ETF during the 4th quarter valued at approximately $40,000. Compass Financial Services Inc acquired a new stake in iShares S&P 500 Growth ETF in the fourth quarter valued at approximately $40,000. POM Investment Strategies LLC lifted its holdings in shares of iShares S&P 500 Growth ETF by 194.8% during the 4th quarter. POM Investment Strategies LLC now owns 457 shares of the company’s stock valued at $46,000 after purchasing an additional 302 shares during the last quarter. Element Wealth LLC boosted its position in shares of iShares S&P 500 Growth ETF by 31.1% in the 3rd quarter. Element Wealth LLC now owns 577 shares of the company’s stock worth $55,000 after purchasing an additional 137 shares in the last quarter. Finally, Valued Wealth Advisors LLC grew its stake in iShares S&P 500 Growth ETF by 160.2% during the 3rd quarter. Valued Wealth Advisors LLC now owns 601 shares of the company’s stock worth $58,000 after buying an additional 370 shares during the last quarter.

iShares S&P 500 Growth ETF Stock Performance

iShares S&P 500 Growth ETF stock opened at $105.05 on Thursday. The stock has a market cap of $55.04 billion, a PE ratio of 28.52 and a beta of 1.14. The stock has a 50-day moving average of $103.70 and a two-hundred day moving average of $98.02. iShares S&P 500 Growth ETF has a one year low of $79.07 and a one year high of $107.14.

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.