iShares S&P 500 Growth ETF (NYSEARCA:IVW) Reaches New 12-Month High at $83.33

The iShares S&P 500 Growth ETF (NYSEARCAIVW) is a type of exchange-traded fund (ETF) that tracks the performance of the S&P 500 Growth Index, which consists of large and mid-cap growth companies listed on the New York Stock Exchange (NYSE). The ETF was launched in 2000 and has since become a popular investment vehicle for investors looking to gain exposure to the growth sector of the stock market.

The S&P 500 Growth Index is made up of companies that are expected to grow at a faster rate than the overall market, as determined by analysts and other market participants. These companies typically have higher price-to-earnings (P/E) ratios and higher earnings growth rates compared to their peers in the value sector.

On August 17, 2021, the iShares S&P 500 Growth ETF reached a new 12-month high of $83.33 per share. This means that the price of the ETF has increased by more than 12% since its previous high on July 7, 2020. The ETF's performance has been driven by strong economic growth and favorable market conditions, as well as the continued growth of many of the companies in its portfolio.

It is important to note that past performance is not a guarantee of future results, and investing always carries some level of risk. Investors should carefully consider their investment objectives and financial situation before making any investment decisions.