iShares S&P 500 Growth ETF (NYSEARCA:IVW) Reaches New 52-Week High – Time to Buy?

by · The Markets Daily

iShares S&P 500 Growth ETF (NYSEARCA:IVW – Get Free Report)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $143.41 and last traded at $143.4120, with a volume of 705359 shares. The stock had previously closed at $140.13.

iShares S&P 500 Growth ETF Stock Up 2.4%

The company has a market cap of $78.33 billion, a PE ratio of 33.33 and a beta of 1.17. The company has a 50-day moving average of $138.27 and a 200-day moving average of $132.15.

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

A number of hedge funds have recently bought and sold shares of the company. Talon Private Wealth LLC raised its holdings in shares of iShares S&P 500 Growth ETF by 8.0% in the second quarter. Talon Private Wealth LLC now owns 2,699 shares of the company’s stock valued at $371,000 after purchasing an additional 200 shares during the last quarter. Capstone Financial Advisors Inc. purchased a new stake in iShares S&P 500 Growth ETF in the 2nd quarter valued at about $236,000. Tidal Investments LLC bought a new position in shares of iShares S&P 500 Growth ETF during the 2nd quarter worth approximately $268,000. MCF Advisors LLC lifted its position in shares of iShares S&P 500 Growth ETF by 4.7% during the 2nd quarter. MCF Advisors LLC now owns 9,391 shares of the company’s stock worth $1,292,000 after buying an additional 423 shares in the last quarter. Finally, Gemmer Asset Management LLC grew its holdings in shares of iShares S&P 500 Growth ETF by 5.7% in the second quarter. Gemmer Asset Management LLC now owns 14,635 shares of the company’s stock valued at $2,013,000 after acquiring an additional 788 shares in the last quarter.

About iShares S&P 500 Growth ETF

(Get Free Report)

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.

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