iShares S&P 500 Growth ETF (NYSEARCA:IVW) Hits New 12-Month High – Still a Buy?

iShares S&P 500 Growth ETF (NYSEARCA:IVW) reached a new 52-week high on Tuesday . The stock traded as high as $131.71 and last traded at $131.28, with a volume of 366738 shares changing hands. The stock had previously closed at $130.37.

iShares S&P 500 Growth ETF Price Performance

The company has a market capitalization of $72.67 billion, a PE ratio of 33.33 and a beta of 1.17. The company has a 50-day moving average of $120.95 and a two-hundred day moving average of $122.08.

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AlTi Global Inc. lifted its position in iShares S&P 500 Growth ETF by 1.0% during the first quarter. AlTi Global Inc. now owns 65,577 shares of the company’s stock valued at $7,417,000 after purchasing an additional 635 shares in the last quarter. Meeder Advisory Services Inc. lifted its position in shares of iShares S&P 500 Growth ETF by 27.1% in the first quarter. Meeder Advisory Services Inc. now owns 5,080 shares of the company’s stock valued at $575,000 after acquiring an additional 1,083 shares in the last quarter. Scarborough Advisors LLC bought a new position in shares of iShares S&P 500 Growth ETF in the first quarter worth about $16,578,000. Balefire LLC bought a new position in shares of iShares S&P 500 Growth ETF in the first quarter worth about $973,000. Finally, Decker Wealth Management LLC purchased a new stake in shares of iShares S&P 500 Growth ETF during the first quarter worth about $2,991,000.

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.