Copley Financial Group Inc. Invests $64,000 in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Copley Financial Group Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 669 shares of the company’s stock, valued at approximately $64,000.

Several other hedge funds have also recently made changes to their positions in IVW. 1620 Investment Advisors Inc. purchased a new stake in iShares S&P 500 Growth ETF in the 2nd quarter valued at $34,000. Financial Connections Group Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF in the second quarter valued at about $35,000. Davis Capital Management lifted its position in shares of iShares S&P 500 Growth ETF by 78.4% during the third quarter. Davis Capital Management now owns 412 shares of the company’s stock valued at $39,000 after purchasing an additional 181 shares in the last quarter. Rosenberg Matthew Hamilton boosted its holdings in iShares S&P 500 Growth ETF by 37.1% during the second quarter. Rosenberg Matthew Hamilton now owns 499 shares of the company’s stock worth $47,000 after purchasing an additional 135 shares during the last quarter. Finally, Element Wealth LLC grew its position in 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.

iShares S&P 500 Growth ETF Stock Performance

NYSEARCA:IVW traded up $0.54 on Friday, hitting $104.71. The stock had a trading volume of 171,002 shares, compared to its average volume of 2,794,727. iShares S&P 500 Growth ETF has a 1 year low of $72.69 and a 1 year high of $105.09. The firm’s fifty day simple moving average is $99.17 and its two-hundred day simple moving average is $94.44. The stock has a market cap of $54.86 billion, a P/E ratio of 28.52 and a beta of 1.14.

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.