iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Hits New 52-Week High – What’s Next?

iShares Russell 2000 Growth ETF (NYSEARCA:IWO)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $355.86 and last traded at $354.49, with a volume of 54995 shares trading hands. The stock had previously closed at $348.67.

iShares Russell 2000 Growth ETF Stock Up 2.2%

The stock has a market capitalization of $13.68 billion, a PE ratio of 21.86 and a beta of 1.16. The stock has a fifty day moving average of $328.01 and a 200-day moving average of $329.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IWO. Cloud Capital Management LLC purchased a new position in iShares Russell 2000 Growth ETF in the third quarter valued at $26,000. Modus Advisors LLC purchased a new stake in iShares Russell 2000 Growth ETF during the 4th quarter worth about $26,000. Strive Financial Group LLC purchased a new stake in iShares Russell 2000 Growth ETF during the 4th quarter worth about $26,000. Johnson Financial Group Inc. lifted its holdings in iShares Russell 2000 Growth ETF by 500.0% during the 4th quarter. Johnson Financial Group Inc. now owns 90 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 75 shares during the last quarter. Finally, TD Capital Management LLC purchased a new stake in iShares Russell 2000 Growth ETF during the 4th quarter worth about $30,000. 74.88% of the stock is currently owned by hedge funds and other institutional investors.

iShares Russell 2000 Growth ETF Company Profile

iShares Russell 2000 Growth ETF (the Fund) is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Russell 2000 Growth Index (the Index). The Index measures the performance of the small-capitalization growth sector of the United States equity market. It is a subset of the Russell 2000 Index, which measures the performance of the small-capitalization sector of the United States equity market.