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

iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $147.05 and last traded at $146.41, with a volume of 85464 shares changing hands. The stock had previously closed at $144.86.

iShares Russell Mid-Cap Growth ETF Price Performance

The stock has a market cap of $21.05 billion, a price-to-earnings ratio of 30.48 and a beta of 1.12. The stock’s 50-day moving average is $140.88 and its 200-day moving average is $137.06.

Institutional Investors Weigh In On iShares Russell Mid-Cap Growth ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Richards Merrill & Peterson Inc. purchased a new position in iShares Russell Mid-Cap Growth ETF during the fourth quarter worth about $25,000. CNB Bank grew its holdings in iShares Russell Mid-Cap Growth ETF by 478.8% in the 4th quarter. CNB Bank now owns 191 shares of the company’s stock valued at $26,000 after buying an additional 158 shares during the period. McIlrath & Eck LLC purchased a new stake in iShares Russell Mid-Cap Growth ETF in the 1st quarter valued at about $26,000. Hilton Head Capital Partners LLC acquired a new position in shares of iShares Russell Mid-Cap Growth ETF during the 4th quarter valued at about $27,000. Finally, Beaird Harris Wealth Management LLC increased its stake in shares of iShares Russell Mid-Cap Growth ETF by 125.0% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 198 shares of the company’s stock valued at $28,000 after acquiring an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 74.49% of the company’s stock.

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). 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.