iShares S&P 500 Growth ETF (NYSEARCA:IVW) Sets New 1-Year High – Here’s What Happened

iShares S&P 500 Growth ETF (NYSEARCA:IVW) shares reached a new 52-week high on Monday . The company traded as high as $105.10 and last traded at $104.96, with a volume of 325116 shares traded. The stock had previously closed at $104.36.

iShares S&P 500 Growth ETF Trading Down 3.3 %

The company’s 50-day moving average is $99.74 and its two-hundred day moving average is $94.91. The firm has a market cap of $53.21 billion, a P/E ratio of 28.52 and a beta of 1.14.

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

A number of hedge funds have recently bought and sold shares of the company. 1620 Investment Advisors Inc. bought a new stake in iShares S&P 500 Growth ETF in the 2nd quarter worth about $34,000. Financial Connections Group Inc. bought a new position in shares of iShares S&P 500 Growth ETF in the second quarter valued at approximately $35,000. Davis Capital Management increased its position in shares of iShares S&P 500 Growth ETF by 78.4% during the third quarter. Davis Capital Management now owns 412 shares of the company’s stock valued at $39,000 after acquiring an additional 181 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in iShares S&P 500 Growth ETF by 37.1% during the second quarter. Rosenberg Matthew Hamilton now owns 499 shares of the company’s stock worth $47,000 after acquiring an additional 135 shares during the period. Finally, Element Wealth LLC boosted its position in iShares S&P 500 Growth ETF by 31.1% in the third quarter. Element Wealth LLC now owns 577 shares of the company’s stock worth $55,000 after purchasing an additional 137 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.