iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) Sets New 1-Year High – Still a Buy?

iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $145.89 and last traded at $145.78, with a volume of 56407 shares changing hands. The stock had previously closed at $144.68.

iShares Russell Mid-Cap Growth ETF Stock Down 1.0%

The company’s fifty day simple moving average is $139.48 and its two-hundred day simple moving average is $136.88. The company has a market capitalization of $21.34 billion, a price-to-earnings ratio of 30.48 and a beta of 1.12.

Institutional Trading of iShares Russell Mid-Cap Growth ETF

Several hedge funds have recently added to or reduced their stakes in IWP. Richards Merrill & Peterson Inc. bought a new stake in shares of iShares Russell Mid-Cap Growth ETF in the fourth quarter worth about $25,000. CNB Bank raised its position in shares of iShares Russell Mid-Cap Growth ETF by 478.8% during the fourth quarter. CNB Bank now owns 191 shares of the company’s stock worth $26,000 after purchasing an additional 158 shares during the period. Beaird Harris Wealth Management LLC lifted its holdings 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 purchasing an additional 110 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF during the 4th quarter valued at about $27,000. Finally, McIlrath & Eck LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF during the 1st quarter valued at about $26,000. Institutional investors and hedge funds 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.