Morgan Dempsey Capital Management LLC Invests $44,000 in iShares S&P 500 Growth ETF $IVW

Morgan Dempsey Capital Management LLC purchased a new position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 400 shares of the company’s stock, valued at approximately $44,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its holdings in shares of iShares S&P 500 Growth ETF by 5.1% during the first quarter. Envestnet Asset Management Inc. now owns 48,079,544 shares of the company’s stock worth $4,463,224,000 after purchasing an additional 2,350,072 shares during the last quarter. LPL Financial LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 5.5% in the first quarter. LPL Financial LLC now owns 18,929,345 shares of the company’s stock worth $1,757,211,000 after acquiring an additional 988,955 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of iShares S&P 500 Growth ETF by 4.4% in the first quarter. Goldman Sachs Group Inc. now owns 6,639,595 shares of the company’s stock worth $616,354,000 after acquiring an additional 279,859 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 4.3% in the first quarter. Commonwealth Equity Services LLC now owns 3,533,251 shares of the company’s stock worth $327,992,000 after acquiring an additional 147,169 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of iShares S&P 500 Growth ETF by 7.9% in the first quarter. Cetera Investment Advisers now owns 3,465,787 shares of the company’s stock worth $321,729,000 after acquiring an additional 253,383 shares during the period.

iShares S&P 500 Growth ETF Price Performance

iShares S&P 500 Growth ETF stock opened at $120.40 on Friday. The stock’s 50 day moving average is $118.05 and its 200 day moving average is $108.16. The firm has a market cap of $65.48 billion, a P/E ratio of 33.33 and a beta of 1.05. iShares S&P 500 Growth ETF has a one year low of $79.31 and a one year high of $122.66.

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.