iShares S&P 500 Growth ETF (NYSEARCA:IVW) Hits New 12-Month High – Here’s What Happened

iShares S&P 500 Growth ETF (NYSEARCA:IVW) shares reached a new 52-week high during trading on Monday . The stock traded as high as $97.43 and last traded at $97.43, with a volume of 670 shares changing hands. The stock had previously closed at $96.90.

iShares S&P 500 Growth ETF Stock Down 1.1 %

The business’s fifty day moving average is $93.10 and its two-hundred day moving average is $89.89. The firm has a market cap of $50.68 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14.

Institutional Investors 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 company. Annex Advisory Services LLC increased its position in iShares S&P 500 Growth ETF by 2.7% in the second quarter. Annex Advisory Services LLC now owns 4,165 shares of the company’s stock worth $385,000 after purchasing an additional 110 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in shares of iShares S&P 500 Growth ETF by 10.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,320 shares of the company’s stock worth $122,000 after buying an additional 120 shares during the last quarter. Texas Capital Bancshares Inc TX lifted its holdings in iShares S&P 500 Growth ETF by 4.1% in the first quarter. Texas Capital Bancshares Inc TX now owns 3,102 shares of the company’s stock valued at $262,000 after buying an additional 122 shares during the period. Processus Wealth & Capital Management LLC lifted its holdings in iShares S&P 500 Growth ETF by 1.0% in the second quarter. Processus Wealth & Capital Management LLC now owns 12,423 shares of the company’s stock valued at $1,150,000 after buying an additional 122 shares during the period. Finally, Diversified LLC boosted its stake in iShares S&P 500 Growth ETF by 4.3% in the second quarter. Diversified LLC now owns 3,013 shares of the company’s stock valued at $279,000 after acquiring an additional 123 shares during the last quarter.

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.