iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) Sees Unusually-High Trading Volume – Still a Buy?

iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) shares saw unusually-strong trading volume on Friday . Approximately 2,788,247 shares traded hands during trading, an increase of 226% from the previous session’s volume of 856,298 shares.The stock last traded at $127.64 and had previously closed at $129.11.

iShares Russell Mid-Cap Growth ETF Price Performance

The stock has a market cap of $16.55 billion, a PE ratio of 29.60 and a beta of 1.15. The stock’s fifty day moving average is $119.92 and its 200-day moving average is $113.76.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IWP. Adirondack Trust Co. lifted its position in iShares Russell Mid-Cap Growth ETF by 78.3% in the second quarter. Adirondack Trust Co. now owns 296 shares of the company’s stock valued at $33,000 after buying an additional 130 shares during the last quarter. Lynx Investment Advisory purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 2nd quarter valued at approximately $33,000. Ashton Thomas Securities LLC lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 251.1% in the 3rd quarter. Ashton Thomas Securities LLC now owns 330 shares of the company’s stock worth $39,000 after acquiring an additional 236 shares during the last quarter. Centennial Bank AR boosted its position in shares of 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 purchasing an additional 374 shares during the period. Finally, Carmichael Hill & Associates Inc. increased its holdings in iShares Russell Mid-Cap Growth ETF by 30.7% in 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 last quarter.

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).