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

iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) shares reached a new 52-week high on Thursday . The company 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 Stock Performance

The company has a market cap of $15.79 billion, a P/E ratio of 29.60 and a beta of 1.15. The firm’s fifty day moving average is $114.99 and its two-hundred day moving average is $111.68.

Institutional Trading of iShares Russell Mid-Cap Growth ETF

Several institutional investors have recently made changes to their positions in IWP. CNB Bank lifted its holdings in iShares Russell Mid-Cap Growth ETF by 970.8% in the 1st quarter. CNB Bank now owns 257 shares of the company’s stock worth $29,000 after purchasing an additional 233 shares in the last quarter. Adirondack Trust Co. lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 78.3% in the second quarter. Adirondack Trust Co. now owns 296 shares of the company’s stock worth $33,000 after buying an additional 130 shares in the last quarter. Lynx Investment Advisory bought a new position in shares of iShares Russell Mid-Cap Growth ETF during the second quarter worth $33,000. Centennial Bank AR grew its stake in iShares Russell Mid-Cap Growth ETF by 1,335.7% during the second quarter. Centennial Bank AR now owns 402 shares of the company’s stock valued at $44,000 after acquiring an additional 374 shares in the last quarter. Finally, Palisade Asset Management LLC bought a new stake in iShares Russell Mid-Cap Growth ETF in the 1st quarter valued at $46,000.

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).