iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) Reaches New 1-Year Low – Here’s What Happened

iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP)’s share price hit a new 52-week low during 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 changing hands. The stock had previously closed at $130.70.

iShares Russell Mid-Cap Growth ETF Price Performance

The company has a market capitalization of $17.28 billion, a price-to-earnings ratio of 27.78 and a beta of 1.13. The firm has a 50-day moving average price of $137.76 and a two-hundred day moving average price of $137.64.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IWP. Silver Grove Financial Group Inc. acquired a new stake in shares of iShares Russell Mid-Cap Growth ETF in the third quarter valued at approximately $37,000. AMG National Trust Bank boosted its position in shares of iShares Russell Mid-Cap Growth ETF by 0.6% in the third quarter. AMG National Trust Bank now owns 342,593 shares of the company’s stock valued at $47,168,000 after acquiring an additional 2,179 shares during the period. Mesirow Financial Investment Management Inc. boosted its position in shares of iShares Russell Mid-Cap Growth ETF by 1.2% in the third quarter. Mesirow Financial Investment Management Inc. now owns 145,378 shares of the company’s stock valued at $20,018,000 after acquiring an additional 1,674 shares during the period. Lido Advisors LLC grew its stake in shares of iShares Russell Mid-Cap Growth ETF by 5.7% in the third quarter. Lido Advisors LLC now owns 203,568 shares of the company’s stock valued at $28,027,000 after acquiring an additional 10,965 shares in the last quarter. Finally, Gryphon Financial Partners LLC grew its stake in shares of iShares Russell Mid-Cap Growth ETF by 17.8% in the third quarter. Gryphon Financial Partners LLC now owns 8,847 shares of the company’s stock valued at $1,218,000 after acquiring an additional 1,337 shares in the last quarter. 74.49% of the stock is owned by institutional investors and hedge funds.

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.