iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) Reaches New 1-Year High – Here’s Why

iShares Russell Top 200 Growth ETF (NYSEARCA:IWY)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $296.21 and last traded at $295.72, with a volume of 37904 shares traded. The stock had previously closed at $294.85.

iShares Russell Top 200 Growth ETF Stock Performance

The company’s fifty day moving average is $271.97 and its two-hundred day moving average is $271.97. The company has a market cap of $17.54 billion, a price-to-earnings ratio of 35.13 and a beta of 1.16.

Hedge Funds Weigh In On iShares Russell Top 200 Growth ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in iShares Russell Top 200 Growth ETF by 58.6% in the 1st quarter. Bank of America Corp DE now owns 3,357,374 shares of the company’s stock worth $835,449,000 after purchasing an additional 1,240,884 shares in the last quarter. Ameriprise Financial Inc. boosted its position in iShares Russell Top 200 Growth ETF by 32.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,180,008 shares of the company’s stock worth $869,831,000 after purchasing an additional 771,024 shares in the last quarter. Mariner LLC boosted its position in iShares Russell Top 200 Growth ETF by 0.4% in the 4th quarter. Mariner LLC now owns 1,466,054 shares of the company’s stock worth $406,010,000 after purchasing an additional 5,299 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in iShares Russell Top 200 Growth ETF by 231.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,327,228 shares of the company’s stock worth $363,196,000 after purchasing an additional 926,618 shares in the last quarter. Finally, Morgan Stanley boosted its position in iShares Russell Top 200 Growth ETF by 1.2% in the 4th quarter. Morgan Stanley now owns 1,322,246 shares of the company’s stock worth $366,183,000 after purchasing an additional 15,710 shares in the last quarter.

iShares Russell Top 200 Growth ETF Company Profile

iShares Russell Top 200 Growth ETF (the Fund), formerly iShares Russell Top 200 Growth Index Fund, seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Growth Index (the Growth Index). The Growth Index is a style factor weighted index that measures the performance of the largest capitalization growth sector of the United States equity market. The Fund invests in a representative sample of securities included in the Growth Index that collectively has an investment profile similar to the Growth Index.