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

iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) hit a new 52-week high during trading on Tuesday . The stock traded as high as $136.37 and last traded at $136.27, with a volume of 703986 shares traded. The stock had previously closed at $135.33.

iShares Russell Mid-Cap Growth ETF Stock Up 0.6 %

The company’s 50-day moving average is $124.19 and its two-hundred day moving average is $115.60. The company has a market capitalization of $17.61 billion, a P/E ratio of 29.60 and a beta of 1.15.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 13.2% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 773 shares of the company’s stock worth $91,000 after acquiring an additional 90 shares during the last quarter. Hazlett Burt & Watson Inc. raised its position in iShares Russell Mid-Cap Growth ETF by 3.9% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 2,479 shares of the company’s stock worth $292,000 after purchasing an additional 92 shares during the period. RPg Family Wealth Advisory LLC lifted its stake in iShares Russell Mid-Cap Growth ETF by 3.4% in the third quarter. RPg Family Wealth Advisory LLC now owns 2,792 shares of the company’s stock worth $327,000 after purchasing an additional 93 shares during the last quarter. Willner & Heller LLC boosted its position in iShares Russell Mid-Cap Growth ETF by 0.9% during the second quarter. Willner & Heller LLC now owns 10,888 shares of the company’s stock valued at $1,201,000 after buying an additional 94 shares during the period. Finally, Carmichael Hill & Associates Inc. grew its stake in shares of iShares Russell Mid-Cap Growth ETF by 30.7% during the second quarter. Carmichael Hill & Associates Inc. now owns 413 shares of the company’s stock valued at $46,000 after buying an additional 97 shares during 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).