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 is designed to provide investors with exposure to this segment of the stock market, which typically outperforms the broader market over the long term.

On August 18, 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, when it closed at $74.59. The ETF's performance over this period can be attributed to a combination of factors, including strong economic growth, low interest rates, and favorable market conditions for growth companies.

It is important to note that past performance is not indicative of future results, and investing always carries some level of risk. Before making any investment decisions, it is recommended to consult with a financial advisor or conduct thorough research on the specific security or market being considered.