iShares S&P 500 Growth ETF (NYSEARCA:IVW) Hits New 12-Month High – Should You Buy?

iShares S&P 500 Growth ETF (NYSEARCA:IVW) shares reached a new 52-week high on Monday . The stock traded as high as $105.10 and last traded at $104.96, with a volume of 325116 shares changing hands. The stock had previously closed at $104.36.

iShares S&P 500 Growth ETF Price Performance

The firm has a market cap of $53.21 billion, a PE ratio of 28.52 and a beta of 1.14. The business’s fifty day moving average is $99.74 and its 200-day moving average is $94.91.

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

Several large investors have recently modified their holdings of the stock. 1620 Investment Advisors Inc. purchased a new stake in iShares S&P 500 Growth ETF during the second quarter valued at about $34,000. Financial Connections Group Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF during the 2nd quarter valued at approximately $35,000. Davis Capital Management boosted its holdings in iShares S&P 500 Growth ETF by 78.4% in the 3rd quarter. Davis Capital Management now owns 412 shares of the company’s stock worth $39,000 after buying an additional 181 shares during the period. Rosenberg Matthew Hamilton grew its stake in iShares S&P 500 Growth ETF by 37.1% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 499 shares of the company’s stock valued at $47,000 after buying an additional 135 shares in the last quarter. Finally, Element Wealth LLC raised its holdings in iShares S&P 500 Growth ETF by 31.1% during the 3rd quarter. Element Wealth LLC now owns 577 shares of the company’s stock valued at $55,000 after acquiring an additional 137 shares during the period.

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.