iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) saw strong trading volume on Wednesday . 1,051,958 shares were traded during trading, an increase of 124% from the previous session’s volume of 470,238 shares.The stock last traded at $390.94 and had previously closed at $388.23.

iShares Russell 2000 Growth ETF Stock Performance

The company has a market capitalization of $15.06 billion, a price-to-earnings ratio of 21.86 and a beta of 1.19. The firm has a fifty day moving average price of $383.52 and a 200-day moving average price of $357.86.

Hedge Funds Weigh In On iShares Russell 2000 Growth ETF

Several hedge funds and other institutional investors have recently modified their holdings of IWO. Modus Advisors LLC acquired a new stake in iShares Russell 2000 Growth ETF in the fourth quarter valued at about $26,000. Strive Financial Group LLC bought a new position in shares of iShares Russell 2000 Growth ETF in the fourth quarter worth about $26,000. Johnson Financial Group Inc. boosted its stake in shares of iShares Russell 2000 Growth ETF by 500.0% in the 4th quarter. Johnson Financial Group Inc. now owns 90 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 75 shares in the last quarter. TD Capital Management LLC bought a new stake in shares of iShares Russell 2000 Growth ETF during the 4th quarter valued at approximately $30,000. Finally, Ascentis Independent Advisors bought a new stake in shares of iShares Russell 2000 Growth ETF during the 1st quarter valued at approximately $32,000. Institutional investors own 74.88% of the company’s stock.

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.