iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Reaches New 12-Month High – Should You Buy?

iShares Russell 2000 Growth ETF (NYSEARCA:IWO) reached a new 52-week high during trading on Thursday . The stock traded as high as $396.22 and last traded at $391.72, with a volume of 21027 shares trading hands. The stock had previously closed at $389.01.

iShares Russell 2000 Growth ETF Trading Up 1.7%

The company has a market capitalization of $15.31 billion, a P/E ratio of 21.86 and a beta of 1.19. The firm’s 50 day moving average price is $369.74 and its two-hundred day moving average price is $344.98.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IWO. Bank of America Corp DE increased its stake in iShares Russell 2000 Growth ETF by 2.2% in the 2nd quarter. Bank of America Corp DE now owns 3,933,648 shares of the exchange traded fund’s stock valued at $1,124,473,000 after buying an additional 84,573 shares during the last quarter. Morgan Stanley boosted its stake in shares of iShares Russell 2000 Growth ETF by 4.9% during the 4th quarter. Morgan Stanley now owns 2,619,371 shares of the exchange traded fund’s stock worth $846,084,000 after buying an additional 123,413 shares during the last quarter. Barings LLC grew its holdings in shares of iShares Russell 2000 Growth ETF by 2.0% in the 4th quarter. Barings LLC now owns 1,657,750 shares of the exchange traded fund’s stock valued at $540,012,000 after acquiring an additional 33,300 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of iShares Russell 2000 Growth ETF by 68.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 966,022 shares of the exchange traded fund’s stock valued at $312,035,000 after acquiring an additional 393,686 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC increased its position in shares of iShares Russell 2000 Growth ETF by 1.5% in the first quarter. Cassaday & Co Wealth Management LLC now owns 935,475 shares of the exchange traded fund’s stock valued at $293,561,000 after acquiring an additional 13,806 shares during the last quarter. Institutional investors own 74.88% of the company’s stock.

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.