Fortitude Advisory Group L.L.C. Buys New Position in iShares S&P 500 Growth ETF $IVW

Fortitude Advisory Group L.L.C. acquired a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,898 shares of the company’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elite Financial Inc. purchased a new position in iShares S&P 500 Growth ETF in the first quarter worth $26,000. Flaharty Asset Management LLC purchased a new position in iShares S&P 500 Growth ETF in the first quarter worth $26,000. Mechanics Financial Corp purchased a new position in iShares S&P 500 Growth ETF in the first quarter worth $27,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in iShares S&P 500 Growth ETF in the first quarter worth $33,000. Finally, Cloud Capital Management LLC purchased a new position in iShares S&P 500 Growth ETF in the first quarter worth $36,000.

iShares S&P 500 Growth ETF Trading Down 0.3%

IVW stock opened at $121.06 on Friday. The stock’s fifty day simple moving average is $116.68 and its two-hundred day simple moving average is $106.37. iShares S&P 500 Growth ETF has a 1-year low of $79.31 and a 1-year high of $121.92. The stock has a market cap of $66.00 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.