iShares S&P 500 Growth ETF (NYSEARCA:IVW) Reaches New 52-Week High – Should You 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 $98.76 and last traded at $98.65, with a volume of 198506 shares. The stock had previously closed at $96.83.

iShares S&P 500 Growth ETF Price Performance

The company has a 50-day moving average of $95.27 and a two-hundred day moving average of $91.62. The company has a market capitalization of $52.99 billion, a PE ratio of 28.52 and a beta of 1.14.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. CarsonAllaria Wealth Management Ltd. lifted its holdings in iShares S&P 500 Growth ETF by 45.5% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 400 shares of the company’s stock valued at $34,000 after purchasing an additional 125 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in iShares S&P 500 Growth ETF in the 2nd quarter worth $34,000. Financial Connections Group Inc. bought a new stake in iShares S&P 500 Growth ETF during the second quarter valued at about $35,000. GPS Wealth Strategies Group LLC lifted its position in shares of iShares S&P 500 Growth ETF by 91.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 417 shares of the company’s stock valued at $39,000 after acquiring an additional 199 shares in the last quarter. Finally, Davis Capital Management lifted its position in shares of iShares S&P 500 Growth ETF by 78.4% in 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 in 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.