iShares S&P 500 Growth ETF (NYSEARCA:IVW) Sets New 12-Month High – Time to Buy?

iShares S&P 500 Growth ETF (NYSEARCA:IVW) hit a new 52-week high on Tuesday . The company traded as high as $141.98 and last traded at $141.74, with a volume of 978069 shares traded. The stock had previously closed at $138.24.

iShares S&P 500 Growth ETF Stock Performance

The firm has a market cap of $77.28 billion, a P/E ratio of 33.33 and a beta of 1.17. The stock’s 50-day moving average is $136.13 and its 200 day moving average is $127.82.

Hedge Funds Weigh In On iShares S&P 500 Growth ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Strive Financial Group LLC bought a new stake in shares of iShares S&P 500 Growth ETF during the fourth quarter worth $26,000. Decker Retirement Planning Inc. bought a new stake in iShares S&P 500 Growth ETF in the 4th quarter valued at $28,000. Financial Network Wealth Advisors LLC boosted its stake in iShares S&P 500 Growth ETF by 174.4% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after purchasing an additional 143 shares during the period. Turning Point Benefit Group Inc. bought a new position in iShares S&P 500 Growth ETF during the 3rd quarter worth about $28,000. Finally, First Pacific Financial acquired a new stake in shares of iShares S&P 500 Growth ETF in the 2nd quarter valued at about $34,000.

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. 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.