iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) Hits New 12-Month High – Still a Buy?

iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) shares reached a new 52-week high on Friday . The company traded as high as $139.21 and last traded at $139.19, with a volume of 165259 shares trading hands. The stock had previously closed at $137.85.

iShares Russell Mid-Cap Growth ETF Stock Performance

The company’s fifty day simple moving average is $132.33 and its two-hundred day simple moving average is $122.75. The company has a market capitalization of $17.87 billion, a price-to-earnings ratio of 29.60 and a beta of 1.15.

Institutional Trading of iShares Russell Mid-Cap Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IWP. Renaissance Technologies LLC bought a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 2nd quarter valued at about $430,000. Dynamic Advisor Solutions LLC boosted its position in iShares Russell Mid-Cap Growth ETF by 5.0% during the third quarter. Dynamic Advisor Solutions LLC now owns 8,528 shares of the company’s stock worth $1,000,000 after purchasing an additional 405 shares during the period. Brookstone Capital Management increased its holdings in shares of iShares Russell Mid-Cap Growth ETF by 19.8% in the third quarter. Brookstone Capital Management now owns 13,683 shares of the company’s stock valued at $1,605,000 after purchasing an additional 2,261 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in shares of iShares Russell Mid-Cap Growth ETF by 14.4% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 10,756 shares of the company’s stock valued at $1,262,000 after purchasing an additional 1,357 shares during the period. Finally, Pinnacle Bancorp Inc. boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 13.2% in the third quarter. Pinnacle Bancorp Inc. now owns 773 shares of the company’s stock valued at $91,000 after buying an additional 90 shares during the period.

iShares Russell Mid-Cap Growth ETF Company Profile

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).