Cynosure Group LLC Makes New $268,000 Investment in iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Cynosure Group LLC purchased a new position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the 4th quarter, Holdings Channel reports. The firm purchased 2,640 shares of the company’s stock, valued at approximately $268,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IVW. Mountain Hill Investment Partners Corp. bought a new position in iShares S&P 500 Growth ETF during the 4th quarter valued at about $28,000. BankPlus Trust Department purchased a new stake in iShares S&P 500 Growth ETF during the 4th quarter valued at $36,000. Hantz Financial Services Inc. bought a new position in shares of iShares S&P 500 Growth ETF during the 4th quarter valued at $40,000. Compass Financial Services Inc purchased a new position in shares of iShares S&P 500 Growth ETF in the 4th quarter worth $40,000. Finally, Bellevue Asset Management LLC bought a new stake in shares of iShares S&P 500 Growth ETF in the fourth quarter worth $42,000.

iShares S&P 500 Growth ETF Stock Performance

iShares S&P 500 Growth ETF stock opened at $83.65 on Friday. The stock has a market cap of $46.05 billion, a PE ratio of 30.22 and a beta of 1.08. The stock has a fifty day moving average of $99.33 and a 200 day moving average of $99.74. 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.