2023-05-30 11:56:33 ET
Several high-profile growth-focused exchange traded funds climbed to new 52-week highs on Tuesday morning. This came as the Nasdaq Composite ( COMP.IND ) pushed higher after an agreement was reached over the U.S. debt ceiling.
Shares of the popular Vanguard Growth ETF ( NYSEARCA: VUG ) advanced to $268.99, marking the fund’s highest point dating back to April 21, 2022. At the same time, the iShares Russell 1000 Growth ( NYSEARCA: IWF ) and iShares Russell Top 200 Growth ( NYSEARCA: IWY ) also tagged new 52-week highs. The funds hit $262.09 and $151.14, respectively, early in the day's session.
VUG, IWF and IWY are not the only growth-based ETF to expand recent gains on Tuesday. See below a handful of other similar exchange traded funds that hit multi-month trading highs:
- SPDR Portfolio S&P 500 Growth ( SPYG ) new 9-month high.
- Vanguard S&P 500 Growth ( VOOG ) new 8-month high.
- iShares S&P 500 Growth Index Fund ( IVW ) new 8-month high.
- iShares Core U.S. Growth ( IUSG ) new 8-month high.
Together all seven funds cumulatively have been able to attract $861.44M of net new investor capital over the course of 2023 with IWF being the only fund to notice net outflows.
Year-to-date price action: VUG +26.2% , IWF +22.2% , IWY +25.6% , SPYG +15.7% , VOOG +16% , IVW +15.7% , and IUSG +14.9% .
More on Exchange Traded Funds:
- Bear ETF tied to Tesla will be liquidated
- Ark Invest says Tesla's Cybertruck could be as mainstream as the firm's Model Y
- Investors were net buyers of fund assets for the sixth consecutive week
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Growth-focused ETFs such as VUG, IWF & IWY reach new 52-week highs