iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) Hits New 52-Week High – Here’s What Happened

iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $145.89 and last traded at $145.78, with a volume of 56407 shares. The stock had previously closed at $144.68.

iShares Russell Mid-Cap Growth ETF Price Performance

The company has a market cap of $20.99 billion, a PE ratio of 30.48 and a beta of 1.13. The company’s 50 day simple moving average is $139.18 and its two-hundred day simple moving average is $136.81.

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

A number of institutional investors have recently modified their holdings of IWP. Richards Merrill & Peterson Inc. acquired a new position in iShares Russell Mid-Cap Growth ETF during the 4th quarter worth about $25,000. CNB Bank increased its stake in iShares Russell Mid-Cap Growth ETF by 478.8% during the fourth quarter. CNB Bank now owns 191 shares of the company’s stock worth $26,000 after purchasing an additional 158 shares during the period. Beaird Harris Wealth Management LLC boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 125.0% in the third quarter. Beaird Harris Wealth Management LLC now owns 198 shares of the company’s stock valued at $28,000 after purchasing an additional 110 shares during the period. Hilton Head Capital Partners LLC acquired a new position in shares of iShares Russell Mid-Cap Growth ETF in the fourth quarter valued at approximately $27,000. Finally, McIlrath & Eck LLC purchased a new stake in iShares Russell Mid-Cap Growth ETF during the 1st quarter worth approximately $26,000. 74.49% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Company Profile

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). The Index measures the performance of the mid-capitalization growth sector of the United States equity market. It is a subset of the Russell Midcap Index and measures the performance of equity securities of Russell Midcap Index issuers with relatively higher price-to-book ratios and higher forecasted growth.