iShares S&P 500 Growth ETF (NYSEARCA:IVW) Sets New 52-Week High – Time to Buy?

iShares S&P 500 Growth ETF (NYSEARCA:IVW)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $106.29 and last traded at $106.22, with a volume of 235987 shares changing hands. The stock had previously closed at $104.84.

iShares S&P 500 Growth ETF Trading Up 1.4 %

The stock has a market capitalization of $55.69 billion, a PE ratio of 28.52 and a beta of 1.14. The company has a 50 day simple moving average of $102.29 and a 200 day simple moving average of $96.85.

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

A number of large investors have recently made changes to their positions in the stock. Davis Capital Management increased its stake in shares of iShares S&P 500 Growth ETF by 78.4% during the 3rd quarter. Davis Capital Management now owns 412 shares of the company’s stock worth $39,000 after purchasing an additional 181 shares in the last quarter. Element Wealth LLC increased its position in iShares S&P 500 Growth ETF by 31.1% during the third quarter. Element Wealth LLC now owns 577 shares of the company’s stock worth $55,000 after buying an additional 137 shares in the last quarter. Valued Wealth Advisors LLC raised its holdings in shares of iShares S&P 500 Growth ETF by 160.2% in the third quarter. Valued Wealth Advisors LLC now owns 601 shares of the company’s stock worth $58,000 after acquiring an additional 370 shares during the last quarter. Copley Financial Group Inc. purchased a new stake in shares of iShares S&P 500 Growth ETF in the third quarter valued at $64,000. Finally, ORG Wealth Partners LLC purchased a new stake in iShares S&P 500 Growth ETF during the 3rd quarter worth about $66,000.

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.