iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Sets New 52-Week High – Here’s What Happened

Shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) hit a new 52-week high on Thursday . The stock traded as high as $340.22 and last traded at $339.1750, with a volume of 381570 shares. The stock had previously closed at $336.65.

iShares Russell 2000 Growth ETF Trading Up 0.4%

The company has a market cap of $13.83 billion, a price-to-earnings ratio of 21.86 and a beta of 1.17. The stock has a 50-day simple moving average of $325.15 and a 200-day simple moving average of $312.85.

Institutional Investors Weigh In On iShares Russell 2000 Growth ETF

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of iShares Russell 2000 Growth ETF by 73.3% during the third quarter. JPMorgan Chase & Co. now owns 975,628 shares of the exchange traded fund’s stock valued at $312,240,000 after acquiring an additional 412,741 shares during the last quarter. Laurel Wealth Advisors LLC boosted its stake in iShares Russell 2000 Growth ETF by 27,615.2% during the second quarter. Laurel Wealth Advisors LLC now owns 363,900 shares of the exchange traded fund’s stock worth $104,024,000 after acquiring an additional 362,587 shares in the last quarter. State Street Corp acquired a new position in iShares Russell 2000 Growth ETF during the second quarter worth $84,862,000. The Manufacturers Life Insurance Company purchased a new stake in shares of iShares Russell 2000 Growth ETF in the second quarter valued at about $62,237,000. Finally, Barclays PLC grew its stake in iShares Russell 2000 Growth ETF by 268.1% in the 3rd quarter. Barclays PLC now owns 141,254 shares of the exchange traded fund’s stock valued at $45,207,000 after buying an additional 102,878 shares in the last quarter. 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.