iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) Sets New 12-Month High – What’s Next?

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 $125.73 and last traded at $125.73, with a volume of 5200 shares. The stock had previously closed at $122.12.

iShares Russell Mid-Cap Growth ETF Stock Up 1.6 %

The business’s fifty day moving average is $117.97 and its 200 day moving average is $112.97. The stock has a market cap of $16.87 billion, a PE ratio of 29.60 and a beta of 1.15.

Institutional Investors Weigh In On iShares Russell Mid-Cap Growth ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Adirondack Trust Co. raised its position in iShares Russell Mid-Cap Growth ETF by 78.3% during the second quarter. Adirondack Trust Co. now owns 296 shares of the company’s stock worth $33,000 after acquiring an additional 130 shares during the last quarter. Lynx Investment Advisory purchased a new stake in iShares Russell Mid-Cap Growth ETF in the 2nd quarter valued at approximately $33,000. Ashton Thomas Securities LLC grew its holdings in iShares Russell Mid-Cap Growth ETF by 251.1% during the 3rd quarter. Ashton Thomas Securities LLC now owns 330 shares of the company’s stock valued at $39,000 after buying an additional 236 shares during the last quarter. Centennial Bank AR increased its position in iShares Russell Mid-Cap Growth ETF by 1,335.7% during the second quarter. Centennial Bank AR now owns 402 shares of the company’s stock worth $44,000 after buying an additional 374 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. raised its holdings in shares of iShares Russell Mid-Cap Growth ETF by 30.7% in the second quarter. Carmichael Hill & Associates Inc. now owns 413 shares of the company’s stock worth $46,000 after acquiring an additional 97 shares during the last quarter.

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).