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

iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) reached a new 52-week high on Thursday . The stock traded as high as $122.38 and last traded at $121.99, with a volume of 16195 shares trading hands. The stock had previously closed at $121.71.

iShares Russell Mid-Cap Growth ETF Trading Up 0.5 %

The firm has a market cap of $15.79 billion, a P/E ratio of 29.60 and a beta of 1.15. The stock has a 50 day simple moving average of $114.99 and a 200-day simple moving average of $111.68.

Institutional Investors Weigh In On iShares Russell Mid-Cap Growth ETF

Several large investors have recently bought and sold shares of the business. CNB Bank raised its position in iShares Russell Mid-Cap Growth ETF by 970.8% during the first quarter. CNB Bank now owns 257 shares of the company’s stock valued at $29,000 after purchasing an additional 233 shares during the period. Adirondack Trust Co. raised its holdings in iShares Russell Mid-Cap Growth ETF by 78.3% during the 2nd 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 period. Lynx Investment Advisory purchased a new stake in iShares Russell Mid-Cap Growth ETF during the 2nd quarter valued at $33,000. Palisade Asset Management LLC bought a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 1st quarter worth about $46,000. Finally, Centennial Bank AR lifted its stake in iShares Russell Mid-Cap Growth ETF by 1,335.7% in the second quarter. Centennial Bank AR now owns 402 shares of the company’s stock worth $44,000 after purchasing an additional 374 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).