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

Shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWPGet Free Report) saw an uptick in trading volume on Friday . 5,178,932 shares traded hands during trading, an increase of 509% from the previous session’s volume of 850,569 shares.The stock last traded at $120.82 and had previously closed at $119.33.

iShares Russell Mid-Cap Growth ETF Price Performance

The company has a fifty day moving average price of $113.41 and a two-hundred day moving average price of $111.40. The company has a market capitalization of $15.67 billion, a P/E ratio of 29.60 and a beta of 1.15.

Institutional Trading of iShares Russell Mid-Cap Growth ETF

A number of large investors have recently modified their holdings of the business. CNB Bank lifted its holdings in shares of 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 in the last quarter. Richardson Financial Services Inc. purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the fourth quarter valued at $32,000. Adirondack Trust Co. boosted its stake in iShares Russell Mid-Cap Growth ETF by 78.3% during the second quarter. Adirondack Trust Co. now owns 296 shares of the company’s stock worth $33,000 after buying an additional 130 shares during the period. Lynx Investment Advisory purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF during the second quarter valued at $33,000. Finally, Northwest Bank & Trust Co purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF during the fourth quarter valued at $36,000.

iShares Russell Mid-Cap Growth ETF Company Profile

(Get Free Report)

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).

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