iShares S&P 500 Growth ETF (NYSEARCA:IVW) Sets New 1-Year High – Still a Buy?

iShares S&P 500 Growth ETF (NYSEARCA:IVW) hit a new 52-week high on Tuesday . The company traded as high as $131.71 and last traded at $131.28, with a volume of 366738 shares changing hands. The stock had previously closed at $130.37.

iShares S&P 500 Growth ETF Trading Up 0.9%

The company has a market capitalization of $71.29 billion, a PE ratio of 33.33 and a beta of 1.17. The stock has a fifty day moving average of $120.18 and a two-hundred day moving average of $121.81.

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

A number of large investors have recently modified their holdings of the company. Little House Capital LLC grew its position in iShares S&P 500 Growth ETF by 2.0% during the 3rd quarter. Little House Capital LLC now owns 3,993 shares of the company’s stock worth $482,000 after acquiring an additional 80 shares during the last quarter. Wingate Wealth Advisors Inc. grew its position in iShares S&P 500 Growth ETF by 3.5% during the 3rd quarter. Wingate Wealth Advisors Inc. now owns 2,488 shares of the company’s stock worth $300,000 after acquiring an additional 83 shares during the last quarter. Smith Moore & CO. grew its position in iShares S&P 500 Growth ETF by 2.9% during the 3rd quarter. Smith Moore & CO. now owns 3,021 shares of the company’s stock worth $365,000 after acquiring an additional 85 shares during the last quarter. Frazier Financial Advisors LLC grew its position in iShares S&P 500 Growth ETF by 11.4% during the 3rd quarter. Frazier Financial Advisors LLC now owns 843 shares of the company’s stock worth $102,000 after acquiring an additional 86 shares during the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management grew its position in iShares S&P 500 Growth ETF by 0.7% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 11,647 shares of the company’s stock worth $1,406,000 after acquiring an additional 86 shares during the last quarter.

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. 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.