iShares S&P 500 Growth ETF (NYSEARCA:IVW) Reaches New 1-Year High – What’s Next?

iShares S&P 500 Growth ETF (NYSEARCA:IVW) shares hit a new 52-week high on Tuesday . The stock traded as high as $104.15 and last traded at $104.11, with a volume of 187547 shares. The stock had previously closed at $103.39.

iShares S&P 500 Growth ETF Stock Performance

The firm has a market capitalization of $54.18 billion, a P/E ratio of 28.52 and a beta of 1.14. The stock has a 50 day moving average of $98.60 and a 200-day moving average of $94.19.

Institutional Investors Weigh In On iShares S&P 500 Growth ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of IVW. Lantz Financial LLC increased its position in shares of iShares S&P 500 Growth ETF by 53.7% during the second quarter. Lantz Financial LLC now owns 51,974 shares of the company’s stock valued at $4,810,000 after buying an additional 18,156 shares during the period. QRG Capital Management Inc. raised its stake in shares of iShares S&P 500 Growth ETF by 9.2% during the second quarter. QRG Capital Management Inc. now owns 9,231 shares of the company’s stock worth $854,000 after acquiring an additional 774 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of iShares S&P 500 Growth ETF by 2.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 540,980 shares of the company’s stock valued at $50,062,000 after buying an additional 12,689 shares during the last quarter. ORG Partners LLC purchased a new position in shares of iShares S&P 500 Growth ETF in the second quarter worth about $693,000. Finally, GPS Wealth Strategies Group LLC lifted its stake in shares of iShares S&P 500 Growth ETF by 91.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 417 shares of the company’s stock valued at $39,000 after acquiring an additional 199 shares during the last quarter.

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.