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

iShares S&P 500 Growth ETF (NYSEARCA:IVW)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $130.51 and last traded at $130.48, with a volume of 1946119 shares. The stock had previously closed at $129.76.

iShares S&P 500 Growth ETF Stock Performance

The business has a fifty day simple moving average of $119.61 and a 200 day simple moving average of $121.60. The company has a market cap of $70.52 billion, a P/E ratio of 33.33 and a beta of 1.15.

Institutional Trading of iShares S&P 500 Growth ETF

Several hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its holdings in shares of iShares S&P 500 Growth ETF by 0.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 45,556,746 shares of the company’s stock worth $5,499,610,000 after purchasing an additional 179,866 shares during the last quarter. Morgan Stanley lifted its holdings in shares of iShares S&P 500 Growth ETF by 0.6% in the 4th quarter. Morgan Stanley now owns 33,646,152 shares of the company’s stock worth $4,147,225,000 after purchasing an additional 186,391 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of iShares S&P 500 Growth ETF by 1.8% in the 4th quarter. LPL Financial LLC now owns 19,816,481 shares of the company’s stock worth $2,442,579,000 after purchasing an additional 357,495 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of iShares S&P 500 Growth ETF by 0.5% in the 4th quarter. Wells Fargo & Company MN now owns 15,021,156 shares of the company’s stock worth $1,851,508,000 after purchasing an additional 80,216 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of iShares S&P 500 Growth ETF by 0.9% in the 3rd quarter. UBS Group AG now owns 8,911,282 shares of the company’s stock worth $1,075,770,000 after purchasing 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.