iShares S&P 500 Growth ETF (NYSEARCA:IVW) Reaches New 12-Month High – Here’s What Happened

Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $101.69 and last traded at $101.68, with a volume of 196224 shares changing hands. The stock had previously closed at $100.96.

iShares S&P 500 Growth ETF Stock Performance

The stock’s 50-day moving average price is $97.70 and its 200-day moving average price is $93.50. The company has a market capitalization of $53.21 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14.

Institutional Investors Weigh In On iShares S&P 500 Growth ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. River Street Advisors LLC raised its holdings in iShares S&P 500 Growth ETF by 17.5% in the 3rd quarter. River Street Advisors LLC now owns 9,981 shares of the company’s stock valued at $956,000 after acquiring an additional 1,483 shares during the last quarter. Foster Victor Wealth Advisors LLC purchased a new stake in shares of iShares S&P 500 Growth ETF during the 2nd quarter valued at $226,000. FineMark National Bank & Trust grew its stake in shares of iShares S&P 500 Growth ETF by 4.8% during the 2nd quarter. FineMark National Bank & Trust now owns 71,052 shares of the company’s stock valued at $6,575,000 after buying an additional 3,279 shares during the period. Choreo LLC grew its stake in shares of iShares S&P 500 Growth ETF by 13.8% during the 2nd quarter. Choreo LLC now owns 506,741 shares of the company’s stock valued at $47,239,000 after buying an additional 61,420 shares during the period. Finally, Adaptive Financial Consulting LLC grew its stake in shares of iShares S&P 500 Growth ETF by 1.2% during the 2nd quarter. Adaptive Financial Consulting LLC now owns 195,869 shares of the company’s stock valued at $18,126,000 after buying an additional 2,383 shares during the period.

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.