iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Hits New 52-Week High – Still a Buy?

iShares Russell 2000 Growth ETF (NYSEARCA:IWO) shares hit a new 52-week high on Tuesday . The company traded as high as $378.03 and last traded at $377.48, with a volume of 47763 shares trading hands. The stock had previously closed at $372.34.

iShares Russell 2000 Growth ETF Price Performance

The business’s 50 day moving average is $345.15 and its two-hundred day moving average is $336.25. The firm has a market capitalization of $14.70 billion, a PE ratio of 21.86 and a beta of 1.19.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Cloud Capital Management LLC purchased a new position in shares of iShares Russell 2000 Growth ETF during the third quarter worth approximately $26,000. Modus Advisors LLC purchased a new position in shares of iShares Russell 2000 Growth ETF during the fourth quarter worth approximately $26,000. Strive Financial Group LLC purchased a new position in shares of iShares Russell 2000 Growth ETF during the fourth quarter worth approximately $26,000. Johnson Financial Group Inc. raised its stake in shares of iShares Russell 2000 Growth ETF by 500.0% during the fourth quarter. Johnson Financial Group Inc. now owns 90 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 75 shares in the last quarter. Finally, TD Capital Management LLC purchased a new position in shares of iShares Russell 2000 Growth ETF during the fourth quarter worth approximately $30,000. 74.88% of the stock is owned by hedge funds and other institutional investors.

iShares Russell 2000 Growth ETF Company Profile

iShares Russell 2000 Growth ETF (the Fund) is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Russell 2000 Growth Index (the Index). The Index measures the performance of the small-capitalization growth sector of the United States equity market. It is a subset of the Russell 2000 Index, which measures the performance of the small-capitalization sector of the United States equity market.