iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) Sets New 52-Week High – Should You Buy?

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

iShares Russell Mid-Cap Growth ETF Stock Up 0.6%

The company has a 50 day moving average of $141.05 and a two-hundred day moving average of $137.15. The firm has a market cap of $21.18 billion, a P/E ratio of 30.48 and a beta of 1.12.

Hedge Funds Weigh In On iShares Russell Mid-Cap Growth ETF

Large investors have recently made changes to their positions in the business. Capital Square LLC acquired a new stake in iShares Russell Mid-Cap Growth ETF during the second quarter valued at approximately $713,000. Compass Financial Management LLC bought a new stake in iShares Russell Mid-Cap Growth ETF during the second quarter worth approximately $90,000. AMG National Trust Bank grew its position in iShares Russell Mid-Cap Growth ETF by 0.9% in the second quarter. AMG National Trust Bank now owns 340,414 shares of the company’s stock worth $49,840,000 after buying an additional 2,917 shares during the last quarter. Simplicity Wealth LLC grew its position in iShares Russell Mid-Cap Growth ETF by 17.1% in the second quarter. Simplicity Wealth LLC now owns 20,535 shares of the company’s stock worth $3,006,000 after buying an additional 3,005 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF in the second quarter valued at $3,432,000. 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.