Adirondack Capital Advisors LLC Has $6.20 Million Stock Position in iShares S&P 500 Growth ETF $IVW

Adirondack Capital Advisors LLC lifted its holdings in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 29.0% in the second quarter, HoldingsChannel.com reports. The fund owned 45,075 shares of the company’s stock after acquiring an additional 10,146 shares during the period. iShares S&P 500 Growth ETF makes up 3.3% of Adirondack Capital Advisors LLC’s investment portfolio, making the stock its 7th largest position. Adirondack Capital Advisors LLC’s holdings in iShares S&P 500 Growth ETF were worth $6,199,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of IVW. HRC Wealth Management LLC bought a new stake in shares of iShares S&P 500 Growth ETF during the 2nd quarter worth $236,000. G&S Capital LLC bought a new position in iShares S&P 500 Growth ETF during the second quarter valued at about $4,670,000. Diversified Management Inc. grew its position in iShares S&P 500 Growth ETF by 1.0% during the second quarter. Diversified Management Inc. now owns 22,049 shares of the company’s stock valued at $3,032,000 after buying an additional 226 shares during the period. Charles Schwab Trust Co increased its holdings in iShares S&P 500 Growth ETF by 13.6% during the second quarter. Charles Schwab Trust Co now owns 2,635 shares of the company’s stock worth $362,000 after buying an additional 316 shares during the last quarter. Finally, Scott Capital Advisors LLC purchased a new stake in iShares S&P 500 Growth ETF during the second quarter worth about $217,000.

iShares S&P 500 Growth ETF Stock Performance

Shares of IVW stock opened at $140.86 on Wednesday. The firm has a market cap of $76.90 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. iShares S&P 500 Growth ETF has a 52 week low of $108.13 and a 52 week high of $143.26. The firm’s 50-day simple moving average is $136.31 and its two-hundred day simple moving average is $128.60.

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. 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.