iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Hits New 12-Month High – Still a Buy?

iShares Russell 2000 Growth ETF (NYSEARCA:IWOGet Free Report)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $292.79 and last traded at $291.91, with a volume of 49594 shares. The stock had previously closed at $287.99.

iShares Russell 2000 Growth ETF Stock Up 1.5 %

The stock has a 50 day moving average of $276.22 and a 200 day moving average of $268.03. The company has a market capitalization of $12.19 billion, a price-to-earnings ratio of 16.25 and a beta of 1.31.

Hedge Funds Weigh In On iShares Russell 2000 Growth ETF

Several institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new position in shares of iShares Russell 2000 Growth ETF during the first quarter worth approximately $26,000. HighMark Wealth Management LLC bought a new position in iShares Russell 2000 Growth ETF in the 2nd quarter valued at $26,000. Riverview Trust Co purchased a new position in shares of iShares Russell 2000 Growth ETF during the 2nd quarter valued at $28,000. GPS Wealth Strategies Group LLC lifted its position in shares of iShares Russell 2000 Growth ETF by 290.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 117 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 87 shares during the last quarter. Finally, Concord Wealth Partners lifted its position in shares of iShares Russell 2000 Growth ETF by 2,000.0% during the 1st quarter. Concord Wealth Partners now owns 126 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 120 shares during the last quarter.

About iShares Russell 2000 Growth ETF

(Get Free Report)

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.

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