iShares S&P 500 Growth ETF (NYSEARCA:IVW) Hits New 12-Month High – Here’s Why

iShares S&P 500 Growth ETF (NYSEARCA:IVW)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $106.29 and last traded at $106.22, with a volume of 235987 shares trading hands. The stock had previously closed at $104.84.

iShares S&P 500 Growth ETF Trading Down 0.4 %

The firm has a market capitalization of $55.67 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. The business has a 50-day moving average price of $102.51 and a two-hundred day moving average price of $96.98.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. acquired a new position in shares of iShares S&P 500 Growth ETF during the 4th quarter valued at $40,000. Davis Capital Management lifted its stake in iShares S&P 500 Growth ETF by 78.4% during the third quarter. Davis Capital Management now owns 412 shares of the company’s stock valued at $39,000 after purchasing an additional 181 shares during the last quarter. Element Wealth LLC boosted its holdings in iShares S&P 500 Growth ETF by 31.1% during the third quarter. Element Wealth LLC now owns 577 shares of the company’s stock worth $55,000 after buying an additional 137 shares in the last quarter. Valued Wealth Advisors LLC boosted its holdings in iShares S&P 500 Growth ETF by 160.2% during the third quarter. Valued Wealth Advisors LLC now owns 601 shares of the company’s stock worth $58,000 after buying an additional 370 shares in the last quarter. Finally, Copley Financial Group Inc. bought a new position in shares of iShares S&P 500 Growth ETF in the third quarter valued at $64,000.

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.