iShares S&P 500 Growth ETF (NYSEARCA:IVW) Reaches New 1-Year High – Time to Buy?

iShares S&P 500 Growth ETF (NYSEARCA:IVW)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $105.10 and last traded at $104.96, with a volume of 325116 shares. The stock had previously closed at $104.36.

iShares S&P 500 Growth ETF Trading Up 1.1 %

The business’s fifty day simple moving average is $99.34 and its 200-day simple moving average is $94.65. The firm has a market cap of $55.26 billion, a P/E ratio of 28.52 and a beta of 1.14.

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

Large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its holdings in shares of iShares S&P 500 Growth ETF by 47.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 49,022,359 shares of the company’s stock worth $4,536,529,000 after acquiring an additional 15,673,824 shares during the period. LPL Financial LLC lifted its position in iShares S&P 500 Growth ETF by 1.7% during the third quarter. LPL Financial LLC now owns 15,682,897 shares of the company’s stock valued at $1,501,637,000 after buying an additional 255,991 shares during the period. Stifel Financial Corp boosted its holdings in shares of iShares S&P 500 Growth ETF by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 7,475,408 shares of the company’s stock valued at $715,775,000 after buying an additional 22,565 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of iShares S&P 500 Growth ETF by 6.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,363,062 shares of the company’s stock worth $680,575,000 after buying an additional 467,356 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of iShares S&P 500 Growth ETF by 2.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,329,231 shares of the company’s stock worth $510,274,000 after acquiring an additional 134,169 shares in 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.