iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) Hits New 1-Year High – What’s Next?

iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $139.44 and last traded at $138.78, with a volume of 65784 shares trading hands. The stock had previously closed at $138.58.

iShares Russell Mid-Cap Growth ETF Trading Down 1.9 %

The firm has a market cap of $18.65 billion, a P/E ratio of 35.02 and a beta of 1.14. The company has a fifty day moving average price of $132.71 and a two-hundred day moving average price of $124.61.

Hedge Funds Weigh In On iShares Russell Mid-Cap Growth ETF

Several institutional investors have recently modified their holdings of IWP. Raymond James Financial Inc. bought a new position in shares of iShares Russell Mid-Cap Growth ETF during the 4th quarter valued at about $126,309,000. Strategic Financial Concepts LLC lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 12,202.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 723,865 shares of the company’s stock valued at $91,750,000 after purchasing an additional 717,981 shares in the last quarter. Angeles Investment Advisors LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF during the 4th quarter valued at about $80,144,000. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 26.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,881,474 shares of the company’s stock valued at $238,477,000 after purchasing an additional 389,972 shares in the last quarter. Finally, Focus Partners Wealth lifted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 670.9% during the 4th quarter. Focus Partners Wealth now owns 435,849 shares of the company’s stock valued at $55,293,000 after purchasing an additional 379,314 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).