iShares S&P 500 Growth ETF (NYSEARCA:IVW) Hits New 12-Month High – What’s Next?

iShares S&P 500 Growth ETF (NYSEARCA:IVW)’s share price hit a new 52-week high during mid-day trading on Friday. The company traded as high as $144.50 and last traded at $144.3810, with a volume of 109809 shares traded. The stock had previously closed at $142.26.

iShares S&P 500 Growth ETF Trading Up 1.3%

The stock has a market capitalization of $79.39 billion, a P/E ratio of 33.33 and a beta of 1.17. The firm’s fifty day moving average is $139.47 and its 200-day moving average is $133.65.

Institutional Trading of iShares S&P 500 Growth ETF

Several hedge funds have recently modified their holdings of the company. First Financial Bank Trust Division raised its stake in shares of iShares S&P 500 Growth ETF by 2.1% in the third quarter. First Financial Bank Trust Division now owns 97,442 shares of the company’s stock valued at $13,862,000 after acquiring an additional 1,979 shares during the last quarter. QRG Capital Management Inc. grew its position in iShares S&P 500 Growth ETF by 40.4% during the 2nd quarter. QRG Capital Management Inc. now owns 33,362 shares of the company’s stock worth $4,588,000 after acquiring an additional 9,601 shares during the last quarter. Talon Private Wealth LLC increased its holdings in 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 purchasing an additional 200 shares in the last quarter. Capstone Financial Advisors Inc. acquired a new stake in iShares S&P 500 Growth ETF during the 2nd quarter valued at $236,000. Finally, Tidal Investments LLC bought a new position in iShares S&P 500 Growth ETF in the 2nd quarter valued at $268,000.

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.