iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Hits New 52-Week Low – Should You Sell?

iShares Russell 2000 Growth ETF (NYSEARCA:IWO)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $242.37 and last traded at $243.50, with a volume of 590966 shares traded. The stock had previously closed at $260.51.

iShares Russell 2000 Growth ETF Stock Down 6.4 %

The firm has a market cap of $10.23 billion, a PE ratio of 20.50 and a beta of 1.21. The company has a 50-day simple moving average of $278.87 and a two-hundred day simple moving average of $288.54.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IWO. Bank of America Corp DE lifted its stake in iShares Russell 2000 Growth ETF by 3.8% in the fourth quarter. Bank of America Corp DE now owns 3,630,750 shares of the exchange traded fund’s stock valued at $1,045,003,000 after purchasing an additional 133,560 shares during the last quarter. Barings LLC raised its stake in shares of iShares Russell 2000 Growth ETF by 3.5% in the fourth quarter. Barings LLC now owns 1,544,050 shares of the exchange traded fund’s stock valued at $444,408,000 after buying an additional 51,800 shares during the period. Cassaday & Co Wealth Management LLC raised its stake in iShares Russell 2000 Growth ETF by 1.6% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 891,217 shares of the exchange traded fund’s stock valued at $256,510,000 after acquiring an additional 13,989 shares during the period. Wells Fargo & Company MN boosted its position in iShares Russell 2000 Growth ETF by 14.3% during the fourth quarter. Wells Fargo & Company MN now owns 829,236 shares of the exchange traded fund’s stock worth $238,671,000 after purchasing an additional 103,582 shares during the period. Finally, CHURCHILL MANAGEMENT Corp increased its stake in shares of iShares Russell 2000 Growth ETF by 1,423.9% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 729,339 shares of the exchange traded fund’s stock worth $209,918,000 after purchasing an additional 681,480 shares in the last quarter.

iShares Russell 2000 Growth ETF Company Profile

iShares Russell 2000 Growth ETF (the Fund) is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Russell 2000 Growth Index (the Index). The Index measures the performance of the small-capitalization growth sector of the United States equity market.