iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Hits New 12-Month High – Here’s What Happened

iShares Russell 2000 Growth ETF (NYSEARCA:IWO) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $389.84 and last traded at $389.04, with a volume of 613572 shares traded. The stock had previously closed at $380.02.

iShares Russell 2000 Growth ETF Stock Up 2.4%

The firm has a market cap of $15.06 billion, a price-to-earnings ratio of 21.86 and a beta of 1.19. The stock has a 50 day moving average of $363.86 and a 200 day moving average of $342.77.

Hedge Funds Weigh In On iShares Russell 2000 Growth ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IWO. Modus Advisors LLC bought a new stake in shares of iShares Russell 2000 Growth ETF during the 4th quarter worth approximately $26,000. Strive Financial Group LLC bought a new position in iShares Russell 2000 Growth ETF in the fourth quarter valued at approximately $26,000. Johnson Financial Group Inc. increased its stake in iShares Russell 2000 Growth ETF by 500.0% in the fourth quarter. Johnson Financial Group Inc. now owns 90 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 75 shares during the last quarter. TD Capital Management LLC acquired a new position in iShares Russell 2000 Growth ETF during the fourth quarter valued at approximately $30,000. Finally, Caitlin John LLC acquired a new position in iShares Russell 2000 Growth ETF during the third quarter valued at approximately $31,000. 74.88% of the stock is currently owned by institutional investors and hedge funds.

About iShares Russell 2000 Growth ETF

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.