iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) Hits New 1-Year Low – Should You Sell?

iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $99.85 and last traded at $100.21, with a volume of 251921 shares traded. The stock had previously closed at $105.68.

iShares Russell Mid-Cap Growth ETF Stock Up 0.4 %

The firm’s fifty day simple moving average is $126.96 and its 200-day simple moving average is $127.02. The firm has a market capitalization of $14.90 billion, a PE ratio of 29.68 and a beta of 1.16.

Institutional Trading of iShares Russell Mid-Cap Growth ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC purchased a new stake in shares of iShares Russell Mid-Cap Growth ETF during the fourth quarter valued at $9,251,000. Allspring Global Investments Holdings LLC grew its stake in shares of iShares Russell Mid-Cap Growth ETF by 42.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 24,014 shares of the company’s stock worth $3,065,000 after acquiring an additional 7,103 shares during the period. Kingsview Wealth Management LLC raised its holdings in shares of iShares Russell Mid-Cap Growth ETF by 5.9% during the fourth quarter. Kingsview Wealth Management LLC now owns 45,937 shares of the company’s stock valued at $5,822,000 after purchasing an additional 2,544 shares during the last quarter. Orion Portfolio Solutions LLC lifted its position in iShares Russell Mid-Cap Growth ETF by 5.1% during the fourth quarter. Orion Portfolio Solutions LLC now owns 281,200 shares of the company’s stock valued at $35,642,000 after purchasing an additional 13,702 shares during the period. Finally, RFG Advisory LLC bought a new position in iShares Russell Mid-Cap Growth ETF during the fourth quarter valued at approximately $468,000.

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).