iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Reaches New 12-Month High – Should You Buy?

iShares Russell 2000 Growth ETF (NYSEARCA:IWO)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $396.22 and last traded at $391.72, with a volume of 21027 shares. The stock had previously closed at $389.01.

iShares Russell 2000 Growth ETF Stock Up 1.7%

The business has a fifty day moving average of $369.74 and a 200 day moving average of $344.98. The firm has a market cap of $15.31 billion, a P/E ratio of 21.86 and a beta of 1.19.

Institutional Trading of iShares Russell 2000 Growth ETF

A number of hedge funds have recently modified their holdings of the company. PVG Asset Management Corp acquired a new position in iShares Russell 2000 Growth ETF during the first quarter valued at approximately $163,000. FAS Wealth Partners Inc. raised its holdings in iShares Russell 2000 Growth ETF by 4.6% in the first quarter. FAS Wealth Partners Inc. now owns 3,235 shares of the exchange traded fund’s stock worth $1,015,000 after purchasing an additional 141 shares during the period. Parallel Advisors LLC raised its holdings in iShares Russell 2000 Growth ETF by 6.7% in the first quarter. Parallel Advisors LLC now owns 3,207 shares of the exchange traded fund’s stock worth $1,007,000 after purchasing an additional 201 shares during the period. Optiver Holding B.V. raised its holdings in iShares Russell 2000 Growth ETF by 100.1% in the first quarter. Optiver Holding B.V. now owns 16,503 shares of the exchange traded fund’s stock worth $5,179,000 after purchasing an additional 22,775,700 shares during the period. Finally, First Nebraska Trust Co bought a new position in shares of iShares Russell 2000 Growth ETF during the first quarter worth $216,000. 74.88% of the stock is currently owned by institutional investors and hedge funds.

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.