iShares S&P 500 Growth ETF (NYSEARCA:IVW) Hits New 1-Year High – Should You Buy?

iShares S&P 500 Growth ETF (NYSEARCA:IVW)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $143.41 and last traded at $143.4120, with a volume of 705359 shares changing hands. The stock had previously closed at $140.13.

iShares S&P 500 Growth ETF Stock Down 0.2%

The stock has a market cap of $78.81 billion, a PE ratio of 33.33 and a beta of 1.17. The stock has a 50-day moving average of $138.52 and a 200 day moving average of $132.49.

Institutional Trading of iShares S&P 500 Growth ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IVW. Talon Private Wealth LLC boosted its position in shares of iShares S&P 500 Growth ETF by 8.0% during the 2nd quarter. Talon Private Wealth LLC now owns 2,699 shares of the company’s stock valued at $371,000 after acquiring an additional 200 shares during the last quarter. Capstone Financial Advisors Inc. purchased a new position in iShares S&P 500 Growth ETF during the second quarter worth about $236,000. Tidal Investments LLC acquired a new position in iShares S&P 500 Growth ETF in the 2nd quarter valued at about $268,000. MCF Advisors LLC boosted its holdings in iShares S&P 500 Growth ETF by 4.7% in the 2nd quarter. MCF Advisors LLC now owns 9,391 shares of the company’s stock valued at $1,292,000 after purchasing an additional 423 shares during the last quarter. Finally, Gemmer Asset Management LLC grew its stake in shares of iShares S&P 500 Growth ETF by 5.7% in the 2nd quarter. Gemmer Asset Management LLC now owns 14,635 shares of the company’s stock valued at $2,013,000 after buying an additional 788 shares during the period.

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.