Newport Capital Group LLC Buys 76,230 Shares of iShares S&P 500 Growth ETF $IVW

Newport Capital Group LLC bought a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 76,230 shares of the company’s stock, valued at approximately $10,691,000. iShares S&P 500 Growth ETF accounts for 7.2% of Newport Capital Group LLC’s holdings, making the stock its 4th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Investors Research Corp increased its stake in shares of iShares S&P 500 Growth ETF by 1.4% in the second quarter. Investors Research Corp now owns 5,414 shares of the company’s stock valued at $745,000 after buying an additional 75 shares during the period. RDA Financial Network raised its position in shares of iShares S&P 500 Growth ETF by 3.6% during the third quarter. RDA Financial Network now owns 2,203 shares of the company’s stock worth $313,000 after acquiring an additional 76 shares during the last quarter. Cooper Financial Group lifted its stake in shares of iShares S&P 500 Growth ETF by 0.7% in the second quarter. Cooper Financial Group now owns 10,864 shares of the company’s stock worth $1,494,000 after acquiring an additional 80 shares during the period. Cornerstone Wealth Management LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 0.4% in the second quarter. Cornerstone Wealth Management LLC now owns 18,502 shares of the company’s stock worth $2,545,000 after acquiring an additional 80 shares during the period. Finally, Quadcap Wealth Management LLC boosted its holdings in iShares S&P 500 Growth ETF by 1.7% in the first quarter. Quadcap Wealth Management LLC now owns 5,386 shares of the company’s stock valued at $609,000 after acquiring an additional 89 shares during the last quarter.

iShares S&P 500 Growth ETF Trading Down 1.9%

IVW stock traded down $2.74 during trading on Friday, hitting $138.93. The company had a trading volume of 2,952,045 shares, compared to its average volume of 3,015,123. The stock has a market cap of $76.86 billion, a PE ratio of 33.33 and a beta of 1.17. The business has a 50-day moving average of $141.13 and a 200-day moving average of $135.73. iShares S&P 500 Growth ETF has a one year low of $108.13 and a one year high of $146.83.

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. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.