The iShares Growth ETF Is Surging To New Highs, Helped By Mega Cap Tech Names

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January 19, 2017 11:08am NYSE:IVW

Investors looking for ETFs with rising momentum should begin to consider the iShares S&P 500 Growth Index Fund (IVW). This product just hit a new 52-week high of $124.9 today, and is now up 22.66% from its 52-week low price of $101.83 per share.

Will this ETF continue its string of recent wins? Let’s take a closer look at the fund, its recent gains, the category it resides in, and its ratings and outlook to get a sense of whether its momentum is sustainable or not.

Inside IVW’s Rise

As mentioned earlier, IVW has now gained 22.66% from its 52-week low, which was hit back on February 8, 2016. The fund has now returned 0.89% over the past month, 3.93% over the past three months, and 3.47% in the past six months. Those returns compare to the benchmark S&P 500 index’s 0.08%, 6.51%, and 5.44% returns in the same periods, respectively. While growth stocks (mostly tech names) trailed the wider markets in the second half of last year, they’re coming back with a vengeance now.

IVW currently sits above its 10-day, 20-day, 50-day, 100-day, and 200-day moving averages (MAs), which from a technical standpoint suggests a very strong possibility that the recent gains can continue. That’s because the shares have no short-term overhead resistance to bump up against.

A Look Under The Hood

iShares S&P 500 Growth Index Fund is a Equity-focused product issued by BlackRock. Its expense ratio of 0.18% makes it the #10 cheapest ETF among 30 total funds in the Large Cap Growth ETFs category. Investors may want to check out some similar funds with lower expense ratios if they’re looking to hold for the long term.

IVW currently boasts $14.83B in assets under management (AUM), placing it #4 of 30 ETFs in its category, and #40 of 1920 total ETFs in the U.S. exchange traded universe.

The investment objective of the iShares S&P 500 Growth Index Fund ETF seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit growth characteristics. IVW’s top holdings include names like Apple (6%), Microsoft (4.7%), Amazon (2.89%), Facebook (2.63%), and GOOG/GOOGL (2.29/2.24%). These mega cap tech stocks have been surging lately, hence the new highs for IVW as well.

IVW SMART Grade: More Gains Ahead?

IVW currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #4 of 32 funds in the Large Cap Growth ETFs category.

A SMART Grade of A suggests huge future price growth potential, so it’s reasonable to expect even more gains ahead. IVW thus receives our highest recommendation.

For more information about this ETF, including full ratings, news, data, and more, please visit IVW’s ticker page.

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