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 stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $139.33 and last traded at $138.90, with a volume of 1947557 shares trading hands. The stock had previously closed at $138.32.

iShares S&P 500 Growth ETF Stock Up 0.5%

The company has a market capitalization of $76.07 billion, a PE ratio of 33.33 and a beta of 1.17. The firm has a 50-day moving average of $126.70 and a two-hundred day moving average of $123.65.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IVW. Atria Investments Inc boosted its position in shares of iShares S&P 500 Growth ETF by 4.6% during the third quarter. Atria Investments Inc now owns 457,419 shares of the company’s stock worth $55,220,000 after buying an additional 19,917 shares during the period. Brookstone Capital Management boosted its position in shares of iShares S&P 500 Growth ETF by 5.7% during the fourth quarter. Brookstone Capital Management now owns 237,167 shares of the company’s stock worth $29,233,000 after buying an additional 12,778 shares during the period. Ameritas Advisory Services LLC boosted its position in shares of iShares S&P 500 Growth ETF by 40.5% during the third quarter. Ameritas Advisory Services LLC now owns 97,539 shares of the company’s stock worth $11,775,000 after buying an additional 28,137 shares during the period. Capital Advantage Inc. boosted its position in shares of iShares S&P 500 Growth ETF by 40.9% during the fourth quarter. Capital Advantage Inc. now owns 25,498 shares of the company’s stock worth $3,143,000 after buying an additional 7,396 shares during the period. Finally, Embree Financial Group boosted its position in shares of iShares S&P 500 Growth ETF by 61.2% during the fourth quarter. Embree Financial Group now owns 61,699 shares of the company’s stock worth $7,605,000 after buying an additional 23,416 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. 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.