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

iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $132.41 and last traded at $132.40, with a volume of 218797 shares changing hands. The stock had previously closed at $130.34.

iShares Russell Mid-Cap Growth ETF Trading Up 1.6 %

The stock has a market cap of $17.38 billion, a P/E ratio of 29.60 and a beta of 1.15. The company’s fifty day simple moving average is $121.87 and its 200-day simple moving average is $114.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Adirondack Trust Co. lifted its position in iShares Russell Mid-Cap Growth ETF by 78.3% during the 2nd quarter. Adirondack Trust Co. now owns 296 shares of the company’s stock worth $33,000 after buying an additional 130 shares in the last quarter. Lynx Investment Advisory acquired a new position in iShares Russell Mid-Cap Growth ETF during the 2nd quarter worth about $33,000. Ashton Thomas Securities LLC lifted its position in iShares Russell Mid-Cap Growth ETF by 251.1% during the 3rd quarter. Ashton Thomas Securities LLC now owns 330 shares of the company’s stock worth $39,000 after buying an additional 236 shares in the last quarter. Centennial Bank AR lifted its position in iShares Russell Mid-Cap Growth ETF by 1,335.7% during the 2nd quarter. Centennial Bank AR now owns 402 shares of the company’s stock worth $44,000 after buying an additional 374 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. lifted its position in iShares Russell Mid-Cap Growth ETF by 30.7% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 413 shares of the company’s stock valued at $46,000 after purchasing an additional 97 shares during the period.

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).