iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) Hits New 52-Week High – Should You Buy?

Shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) reached a new 52-week high during trading on Wednesday . The company traded as high as $122.39 and last traded at $122.10, with a volume of 72122 shares traded. The stock had previously closed at $122.07.

iShares Russell Mid-Cap Growth ETF Price Performance

The firm has a market cap of $15.76 billion, a PE ratio of 29.60 and a beta of 1.15. The business’s 50 day moving average price is $116.40 and its 200 day moving average price is $112.14.

Institutional Trading of iShares Russell Mid-Cap Growth ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Abbrea Capital LLC purchased a new stake in iShares Russell Mid-Cap Growth ETF during the 1st quarter valued at about $209,000. Global Retirement Partners LLC grew its stake in iShares Russell Mid-Cap Growth ETF by 1.1% during the 3rd quarter. Global Retirement Partners LLC now owns 14,469 shares of the company’s stock valued at $1,697,000 after acquiring an additional 160 shares in the last quarter. Advisory Alpha LLC grew its stake in iShares Russell Mid-Cap Growth ETF by 5.6% during the 1st quarter. Advisory Alpha LLC now owns 2,338 shares of the company’s stock valued at $267,000 after acquiring an additional 124 shares in the last quarter. Lynx Investment Advisory purchased a new stake in iShares Russell Mid-Cap Growth ETF during the 2nd quarter valued at about $33,000. Finally, Northwest Investment Counselors LLC purchased a new stake in iShares Russell Mid-Cap Growth ETF during the 3rd quarter valued at about $93,000.

About iShares Russell Mid-Cap Growth ETF

iShares Russell Mid-Cap Growth ETF, formerly iShares Russell Midcap 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, before fees and expenses, of the Russell Midcap Growth Index (the Growth Index).