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

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

iShares S&P 500 Growth ETF Stock Up 2.4%

The company has a market cap of $77.28 billion, a P/E ratio of 33.33 and a beta of 1.17. The business has a 50-day moving average price of $136.13 and a two-hundred day moving average price of $127.82.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IVW. United Bank boosted its position in shares of iShares S&P 500 Growth ETF by 4.6% in the 2nd quarter. United Bank now owns 52,096 shares of the company’s stock worth $5,736,000 after purchasing an additional 2,280 shares during the last quarter. Schnieders Capital Management LLC. bought a new position in iShares S&P 500 Growth ETF during the second quarter worth about $600,000. Russell Investments Group Ltd. grew its position in shares of iShares S&P 500 Growth ETF by 13.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,992 shares of the company’s stock worth $660,000 after buying an additional 707 shares during the period. First Trust Advisors LP increased its stake in shares of iShares S&P 500 Growth ETF by 15.4% in the 2nd quarter. First Trust Advisors LP now owns 31,834 shares of the company’s stock valued at $3,505,000 after acquiring an additional 4,238 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of iShares S&P 500 Growth ETF in the 2nd quarter valued at approximately $244,000.

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.