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 reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $132.41 and last traded at $132.40, with a volume of 218797 shares trading hands. The stock had previously closed at $130.34.

iShares Russell Mid-Cap Growth ETF Stock Performance

The company has a market capitalization of $17.38 billion, a price-to-earnings ratio of 29.60 and a beta of 1.15. The business’s 50-day simple moving average is $121.87 and its 200-day simple moving average is $114.50.

Institutional Trading of iShares Russell Mid-Cap Growth ETF

Hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC raised its position in shares of iShares Russell Mid-Cap Growth ETF by 1.1% in the 3rd quarter. Global Retirement Partners LLC now owns 14,469 shares of the company’s stock valued at $1,697,000 after acquiring an additional 160 shares during the period. Lynx Investment Advisory bought a new stake in iShares Russell Mid-Cap Growth ETF during the 2nd quarter worth approximately $33,000. Northwest Investment Counselors LLC bought a new stake in iShares Russell Mid-Cap Growth ETF during the 3rd quarter worth approximately $93,000. MCF Advisors LLC increased its stake in iShares Russell Mid-Cap Growth ETF by 0.5% during the 2nd quarter. MCF Advisors LLC now owns 20,902 shares of the company’s stock worth $2,307,000 after purchasing an additional 111 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in iShares Russell Mid-Cap Growth ETF by 103.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 24,380 shares of the company’s stock worth $2,690,000 after purchasing an additional 12,390 shares in the last quarter.

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).