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

Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW) hit a new 52-week high on Wednesday . The stock traded as high as $128.82 and last traded at $128.78, with a volume of 1174937 shares trading hands. The stock had previously closed at $126.84.

iShares S&P 500 Growth ETF Trading Up 1.5%

The stock has a market capitalization of $70.11 billion, a P/E ratio of 33.33 and a beta of 1.15. The stock’s 50 day simple moving average is $119.17 and its 200 day simple moving average is $121.49.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IVW. First Horizon Corp acquired a new stake in shares of iShares S&P 500 Growth ETF in the 3rd quarter worth about $4,237,000. Atria Investments Inc increased its stake in iShares S&P 500 Growth ETF by 4.6% during the 3rd quarter. Atria Investments Inc now owns 457,419 shares of the company’s stock valued at $55,220,000 after buying an additional 19,917 shares during the period. Clark Financial Services Group Inc. BD increased its stake in iShares S&P 500 Growth ETF by 38.7% during the 3rd quarter. Clark Financial Services Group Inc. BD now owns 109,021 shares of the company’s stock valued at $13,161,000 after buying an additional 30,407 shares during the period. Fortis Capital Advisors LLC increased its stake in iShares S&P 500 Growth ETF by 58.9% during the 3rd quarter. Fortis Capital Advisors LLC now owns 18,152 shares of the company’s stock valued at $2,191,000 after buying an additional 6,732 shares during the period. Finally, Great Point Wealth Advisors LLC acquired a new position in iShares S&P 500 Growth ETF during the 3rd quarter valued at about $4,409,000.

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. 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.