iShares S&P 500 Growth ETF (NYSEARCA:IVW) Hits New 52-Week High – What’s Next?

iShares S&P 500 Growth ETF (NYSEARCA:IVW) 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 Trading Up 0.8%

The company’s 50 day moving average price is $125.81 and its 200-day moving average price is $123.40. The company has a market capitalization of $75.53 billion, a PE ratio of 33.33 and a beta of 1.17.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Maripau Wealth Management LLC lifted its holdings in shares of iShares S&P 500 Growth ETF by 1.1% during the 1st quarter. Maripau Wealth Management LLC now owns 14,469 shares of the company’s stock valued at $1,637,000 after acquiring an additional 156 shares in the last quarter. Allen Capital Group LLC lifted its holdings in shares of iShares S&P 500 Growth ETF by 6.6% during the 1st quarter. Allen Capital Group LLC now owns 3,547 shares of the company’s stock valued at $401,000 after acquiring an additional 220 shares in the last quarter. Security Financial Services INC. lifted its holdings in shares of iShares S&P 500 Growth ETF by 4.1% during the 1st quarter. Security Financial Services INC. now owns 248,772 shares of the company’s stock valued at $28,139,000 after acquiring an additional 9,908 shares in the last quarter. WNY Asset Management LLC acquired a new position in shares of iShares S&P 500 Growth ETF during the 1st quarter valued at $591,000. Finally, Independent Wealth Advisors LLC acquired a new position in shares of iShares S&P 500 Growth ETF during the 1st quarter valued at $210,000.

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.