iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) Reaches New 1-Year High – Here’s What Happened

Shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) hit a new 52-week high on Wednesday . The stock traded as high as $132.37 and last traded at $132.26, with a volume of 56760 shares trading hands. The stock had previously closed at $131.20.

iShares Russell Mid-Cap Growth ETF Stock Up 0.6 %

The company has a 50 day moving average of $118.74 and a two-hundred day moving average of $113.36. The firm has a market cap of $17.07 billion, a P/E ratio of 29.60 and a beta of 1.15.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IWP. Strategic Financial Concepts LLC boosted its position in shares of iShares Russell Mid-Cap Growth ETF by 10,532.1% in the 2nd quarter. Strategic Financial Concepts LLC now owns 638,244 shares of the company’s stock valued at $704,000 after purchasing an additional 632,241 shares during the period. Cetera Investment Advisers raised its stake in shares of iShares Russell Mid-Cap Growth ETF by 442.4% in the 1st quarter. Cetera Investment Advisers now owns 391,146 shares of the company’s stock valued at $44,645,000 after acquiring an additional 319,037 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of iShares Russell Mid-Cap Growth ETF by 10,150.1% in the 3rd quarter. International Assets Investment Management LLC now owns 220,582 shares of the company’s stock valued at $25,872,000 after acquiring an additional 218,430 shares in the last quarter. Congress Asset Management Co. raised its stake in shares of iShares Russell Mid-Cap Growth ETF by 122.8% in the 3rd quarter. Congress Asset Management Co. now owns 368,085 shares of the company’s stock valued at $43,173,000 after acquiring an additional 202,880 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of iShares Russell Mid-Cap Growth ETF by 97.1% in the 2nd quarter. Hsbc Holdings PLC now owns 377,890 shares of the company’s stock valued at $41,700,000 after acquiring an additional 186,170 shares in 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).