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

iShares S&P 500 Growth ETF (NYSEARCA:IVW) hit a new 52-week high during trading on Monday . The stock traded as high as $112.98 and last traded at $113.04, with a volume of 79667 shares traded. The stock had previously closed at $112.31.

iShares S&P 500 Growth ETF Stock Performance

The company has a market capitalization of $62.14 billion, a P/E ratio of 33.33 and a beta of 1.05. The company has a 50-day simple moving average of $106.49 and a 200 day simple moving average of $100.83.

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

Several hedge funds have recently added to or reduced their stakes in IVW. FIL Ltd acquired a new stake in shares of iShares S&P 500 Growth ETF in the fourth quarter valued at approximately $309,434,000. Envestnet Asset Management Inc. lifted its holdings in iShares S&P 500 Growth ETF by 5.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 48,079,544 shares of the company’s stock worth $4,463,224,000 after purchasing an additional 2,350,072 shares during the last quarter. LPL Financial LLC lifted its holdings in iShares S&P 500 Growth ETF by 14.4% during the 4th quarter. LPL Financial LLC now owns 17,940,390 shares of the company’s stock worth $1,821,488,000 after purchasing an additional 2,257,493 shares during the last quarter. Sofi Wealth LLC lifted its holdings in iShares S&P 500 Growth ETF by 4,023.6% during the 1st quarter. Sofi Wealth LLC now owns 1,857,008 shares of the company’s stock worth $172,386,000 after purchasing an additional 1,811,974 shares during the last quarter. Finally, Liberty Wealth Management LLC lifted its holdings in iShares S&P 500 Growth ETF by 489.6% during the 1st quarter. Liberty Wealth Management LLC now owns 1,363,876 shares of the company’s stock worth $126,609,000 after purchasing an additional 1,132,541 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.