iShares S&P 500 Growth ETF (NYSEARCA:IVW) Sets New 1-Year High – Here’s Why

iShares S&P 500 Growth ETF (NYSEARCA:IVW)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $135.87 and last traded at $135.83, with a volume of 168153 shares traded. The stock had previously closed at $135.78.

iShares S&P 500 Growth ETF Price Performance

The company has a fifty day moving average of $121.86 and a 200-day moving average of $122.40. The firm has a market capitalization of $73.60 billion, a PE ratio of 33.33 and a beta of 1.17.

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

Several hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its position in iShares S&P 500 Growth ETF by 0.4% during the third quarter. Envestnet Asset Management Inc. now owns 45,556,746 shares of the company’s stock worth $5,499,610,000 after buying an additional 179,866 shares during the last quarter. Morgan Stanley increased its position in iShares S&P 500 Growth ETF by 0.6% during the fourth quarter. Morgan Stanley now owns 33,646,152 shares of the company’s stock worth $4,147,225,000 after buying an additional 186,391 shares during the last quarter. LPL Financial LLC increased its position in iShares S&P 500 Growth ETF by 1.8% during the fourth quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock worth $2,442,579,000 after buying an additional 357,495 shares during the last quarter. Wells Fargo & Company MN increased its position in iShares S&P 500 Growth ETF by 0.5% during the fourth quarter. Wells Fargo & Company MN now owns 15,021,156 shares of the company’s stock worth $1,851,508,000 after buying an additional 80,216 shares during the last quarter. Finally, UBS Group AG increased its position in iShares S&P 500 Growth ETF by 0.9% during the third quarter. UBS Group AG now owns 8,911,282 shares of the company’s stock worth $1,075,770,000 after buying an additional 76,602 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.