iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) Sets New 12-Month High – Here’s Why

iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $132.37 and last traded at $132.26, with a volume of 56760 shares traded. The stock had previously closed at $131.20.

iShares Russell Mid-Cap Growth ETF Stock Performance

The stock has a market cap of $16.70 billion, a PE ratio of 29.60 and a beta of 1.15. The business has a 50-day moving average of $119.15 and a 200 day moving average of $113.48.

Institutional Trading of iShares Russell Mid-Cap Growth ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC grew its holdings in iShares Russell Mid-Cap Growth ETF by 10,532.1% in the 2nd quarter. Strategic Financial Concepts LLC now owns 638,244 shares of the company’s stock valued at $704,000 after buying an additional 632,241 shares during the period. Cetera Investment Advisers grew its holdings in iShares Russell Mid-Cap Growth ETF by 442.4% in the 1st quarter. Cetera Investment Advisers now owns 391,146 shares of the company’s stock valued at $44,645,000 after buying an additional 319,037 shares during the period. BNP Paribas Financial Markets grew its holdings in iShares Russell Mid-Cap Growth ETF by 196,770.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 250,026 shares of the company’s stock valued at $29,326,000 after buying an additional 249,899 shares during the period. International Assets Investment Management LLC grew its holdings in iShares Russell Mid-Cap Growth ETF by 10,150.1% in the 3rd quarter. International Assets Investment Management LLC now owns 220,582 shares of the company’s stock valued at $25,872,000 after buying an additional 218,430 shares during the period. Finally, Congress Asset Management Co. grew its holdings in iShares Russell Mid-Cap Growth ETF by 122.8% in the 3rd quarter. Congress Asset Management Co. now owns 368,085 shares of the company’s stock valued at $43,173,000 after buying an additional 202,880 shares during the period.

About iShares Russell Mid-Cap Growth ETF

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).