iShares S&P 500 Growth ETF (NYSEARCA:IVW) Hits New 1-Year High – Time to Buy?

iShares S&P 500 Growth ETF (NYSEARCA:IVW)’s share price reached a new 52-week high during trading on Monday . The company 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 Stock Performance

The stock has a market cap of $74.07 billion, a PE ratio of 33.33 and a beta of 1.17. The business has a 50-day moving average of $120.95 and a 200 day moving average of $122.08.

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

Several hedge funds and other institutional investors have recently bought and sold shares of IVW. Calamos Advisors LLC lifted its position in iShares S&P 500 Growth ETF by 2,637.2% during the 1st quarter. Calamos Advisors LLC now owns 1,168,503 shares of the company’s stock worth $132,169,000 after acquiring an additional 1,125,813 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of iShares S&P 500 Growth ETF by 196.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,441,392 shares of the company’s stock valued at $174,005,000 after acquiring an additional 955,862 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of iShares S&P 500 Growth ETF by 81.0% in the 4th quarter. Focus Partners Wealth now owns 1,920,546 shares of the company’s stock valued at $236,725,000 after acquiring an additional 859,584 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of iShares S&P 500 Growth ETF by 131.3% in the 1st quarter. Fifth Third Bancorp now owns 1,497,810 shares of the company’s stock valued at $169,417,000 after acquiring an additional 850,349 shares during the last quarter. Finally, Valpey Financial Services LLC grew its stake in iShares S&P 500 Growth ETF by 11,889.3% during the 4th quarter. Valpey Financial Services LLC now owns 712,286 shares of the company’s stock worth $87,796,000 after buying an additional 706,345 shares during the last quarter.

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.