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

iShares S&P 500 Growth ETF (NYSEARCA:IVW)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $98.76 and last traded at $98.65, with a volume of 198506 shares changing hands. The stock had previously closed at $96.83.

iShares S&P 500 Growth ETF Stock Up 0.3 %

The stock has a market cap of $52.99 billion, a PE ratio of 28.52 and a beta of 1.14. The firm’s fifty day moving average price is $95.27 and its 200 day moving average price is $91.62.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. grew its stake in shares of iShares S&P 500 Growth ETF by 47.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 49,022,359 shares of the company’s stock worth $4,536,529,000 after buying an additional 15,673,824 shares in the last quarter. LPL Financial LLC raised its holdings in iShares S&P 500 Growth ETF by 35.2% during the 2nd quarter. LPL Financial LLC now owns 15,426,906 shares of the company’s stock valued at $1,427,606,000 after buying an additional 4,015,007 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in iShares S&P 500 Growth ETF by 60.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,371,552 shares of the company’s stock worth $589,623,000 after buying an additional 2,404,544 shares during the last quarter. Cetera Investment Advisers boosted its stake in iShares S&P 500 Growth ETF by 200.4% during the first quarter. Cetera Investment Advisers now owns 2,545,315 shares of the company’s stock worth $214,926,000 after buying an additional 1,698,066 shares during the period. Finally, Park Avenue Securities LLC increased its position in iShares S&P 500 Growth ETF by 60.1% during the second quarter. Park Avenue Securities LLC now owns 4,243,838 shares of the company’s stock valued at $392,725,000 after acquiring an additional 1,593,875 shares during the last quarter.

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.