iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Sets New 12-Month High – What’s Next?

iShares Russell 2000 Growth ETF (NYSEARCA:IWO)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $384.63 and last traded at $382.91, with a volume of 78104 shares changing hands. The stock had previously closed at $377.91.

iShares Russell 2000 Growth ETF Stock Up 1.2%

The firm’s 50 day simple moving average is $358.76 and its 200-day simple moving average is $341.09. The company has a market capitalization of $14.79 billion, a PE ratio of 21.86 and a beta of 1.19.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Carnegie Investment Counsel boosted its stake in shares of iShares Russell 2000 Growth ETF by 0.3% in the fourth quarter. Carnegie Investment Counsel now owns 11,869 shares of the exchange traded fund’s stock valued at $3,834,000 after purchasing an additional 30 shares during the period. Strategies Wealth Advisors LLC raised its holdings in iShares Russell 2000 Growth ETF by 1.2% in the third quarter. Strategies Wealth Advisors LLC now owns 2,517 shares of the exchange traded fund’s stock valued at $805,000 after acquiring an additional 31 shares in the last quarter. Veery Capital LLC raised its holdings in iShares Russell 2000 Growth ETF by 0.8% in the fourth quarter. Veery Capital LLC now owns 4,051 shares of the exchange traded fund’s stock valued at $1,309,000 after acquiring an additional 31 shares in the last quarter. NBC Securities Inc. raised its holdings in iShares Russell 2000 Growth ETF by 1.0% in the fourth quarter. NBC Securities Inc. now owns 3,510 shares of the exchange traded fund’s stock valued at $1,134,000 after acquiring an additional 34 shares in the last quarter. Finally, Roffman Miller Associates Inc. PA raised its holdings in iShares Russell 2000 Growth ETF by 2.8% in the fourth quarter. Roffman Miller Associates Inc. PA now owns 1,267 shares of the exchange traded fund’s stock valued at $409,000 after acquiring an additional 35 shares in the last quarter. 74.88% of the stock is currently owned by hedge funds and other institutional investors.

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.