iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Sets New 1-Year High – What’s Next?

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

iShares Russell 2000 Growth ETF Trading Up 1.5%

The company’s 50-day moving average price is $342.64 and its two-hundred day moving average price is $335.45. The company has a market cap of $14.62 billion, a P/E ratio of 21.86 and a beta of 1.19.

Institutional Investors Weigh In On iShares Russell 2000 Growth ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cloud Capital Management LLC bought a new position in iShares Russell 2000 Growth ETF in the third quarter worth about $26,000. Modus Advisors LLC bought a new position in shares of iShares Russell 2000 Growth ETF during the fourth quarter valued at approximately $26,000. Strive Financial Group LLC acquired a new stake in shares of iShares Russell 2000 Growth ETF during the 4th quarter worth approximately $26,000. Johnson Financial Group Inc. raised its position in shares of iShares Russell 2000 Growth ETF by 500.0% during the 4th quarter. Johnson Financial Group Inc. now owns 90 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 75 shares during the period. Finally, TD Capital Management LLC bought a new stake in shares of iShares Russell 2000 Growth ETF in the 4th quarter worth approximately $30,000. Institutional investors own 74.88% of the company’s stock.

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.