Tandem Capital Management Corp ADV Purchases Shares of 1,853 iShares S&P 500 Growth ETF $IVW

Tandem Capital Management Corp ADV purchased a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,853 shares of the company’s stock, valued at approximately $204,000.

Several other hedge funds also recently added to or reduced their stakes in IVW. Integrated Advisors Network LLC boosted its holdings in iShares S&P 500 Growth ETF by 196.1% in the first quarter. Integrated Advisors Network LLC now owns 113,420 shares of the company’s stock valued at $10,529,000 after purchasing an additional 75,118 shares during the last quarter. CX Institutional boosted its holdings in iShares S&P 500 Growth ETF by 4.3% in the first quarter. CX Institutional now owns 117,599 shares of the company’s stock valued at $10,917,000 after purchasing an additional 4,876 shares during the last quarter. Strategic Equity Management boosted its stake in shares of iShares S&P 500 Growth ETF by 5.7% during the 1st quarter. Strategic Equity Management now owns 122,221 shares of the company’s stock worth $11,346,000 after acquiring an additional 6,616 shares in the last quarter. My Legacy Advisors LLC boosted its stake in shares of iShares S&P 500 Growth ETF by 1.8% during the 1st quarter. My Legacy Advisors LLC now owns 50,984 shares of the company’s stock worth $4,733,000 after acquiring an additional 889 shares in the last quarter. Finally, USA Financial Formulas boosted its stake in shares of iShares S&P 500 Growth ETF by 59.1% during the 1st quarter. USA Financial Formulas now owns 1,315,807 shares of the company’s stock worth $122,146,000 after acquiring an additional 488,603 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Up 0.8%

IVW stock opened at $122.00 on Thursday. The company’s 50-day simple moving average is $117.13 and its 200-day simple moving average is $106.84. iShares S&P 500 Growth ETF has a 52-week low of $79.31 and a 52-week high of $122.02. The firm has a market cap of $66.53 billion, a P/E ratio of 33.33 and a beta of 1.05.

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.