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

iShares S&P 500 Growth ETF (NYSEARCA:IVW)’s stock price hit a new 52-week high during mid-day trading on Friday. The stock traded as high as $144.50 and last traded at $144.3810, with a volume of 109809 shares traded. The stock had previously closed at $142.26.

iShares S&P 500 Growth ETF Stock Performance

The stock has a market cap of $79.39 billion, a PE ratio of 33.33 and a beta of 1.17. The company’s 50-day moving average price is $139.47 and its 200 day moving average price is $133.65.

Institutional Trading of iShares S&P 500 Growth ETF

Large investors have recently added to or reduced their stakes in the business. Investors Research Corp boosted its stake in iShares S&P 500 Growth ETF by 1.4% in the 2nd quarter. Investors Research Corp now owns 5,414 shares of the company’s stock valued at $745,000 after buying an additional 75 shares in the last quarter. Cooper Financial Group raised its stake in iShares S&P 500 Growth ETF by 0.7% during the second quarter. Cooper Financial Group now owns 10,864 shares of the company’s stock worth $1,494,000 after acquiring an additional 80 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in iShares S&P 500 Growth ETF by 0.4% during the second quarter. Cornerstone Wealth Management LLC now owns 18,502 shares of the company’s stock worth $2,545,000 after acquiring an additional 80 shares in the last quarter. Quadcap Wealth Management LLC lifted its holdings in shares of iShares S&P 500 Growth ETF by 1.7% during the first quarter. Quadcap Wealth Management LLC now owns 5,386 shares of the company’s stock valued at $609,000 after acquiring an additional 89 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in shares of iShares S&P 500 Growth ETF by 0.4% during the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 25,373 shares of the company’s stock valued at $3,490,000 after acquiring an additional 96 shares during the period.

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.