iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) Hits New 1-Year Low – Time to Sell?

iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP)’s stock price reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $122.57 and last traded at $123.19, with a volume of 1,196,363 shares trading hands. The stock had previously closed at $130.70.

iShares Russell Mid-Cap Growth ETF Price Performance

The company has a market capitalization of $17.40 billion, a PE ratio of 27.78 and a beta of 1.13. The stock has a 50-day simple moving average of $136.98 and a 200 day simple moving average of $137.48.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its holdings in iShares Russell Mid-Cap Growth ETF by 1.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,866,456 shares of the company’s stock valued at $858,908,000 after purchasing an additional 93,924 shares in the last quarter. Cassaday & Co Wealth Management LLC increased its position in iShares Russell Mid-Cap Growth ETF by 1.9% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 2,184,734 shares of the company’s stock valued at $279,908,000 after acquiring an additional 41,659 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares Russell Mid-Cap Growth ETF by 5.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,486,576 shares of the company’s stock valued at $217,650,000 after purchasing an additional 71,020 shares during the period. Stephens Group Asset Management LLC grew its holdings in shares of iShares Russell Mid-Cap Growth ETF by 12.6% in the 3rd quarter. Stephens Group Asset Management LLC now owns 633,950 shares of the company’s stock worth $87,282,000 after acquiring an additional 70,933 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of iShares Russell Mid-Cap Growth ETF by 153.0% during the first quarter. Fifth Third Bancorp now owns 511,007 shares of the company’s stock valued at $65,470,000 after buying an additional 309,058 shares in the last quarter. Hedge funds and other institutional investors own 74.49% of the company’s stock.

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.