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

iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) reached a new 52-week high during trading on Tuesday . The company traded as high as $145.89 and last traded at $145.78, with a volume of 56407 shares. The stock had previously closed at $144.68.

iShares Russell Mid-Cap Growth ETF Stock Up 1.0%

The company’s 50 day moving average price is $139.18 and its two-hundred day moving average price is $136.81. The stock has a market cap of $20.99 billion, a P/E ratio of 30.48 and a beta of 1.13.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IWP. American Wealth Advisors LLC acquired a new stake in shares of iShares Russell Mid-Cap Growth ETF in the 3rd quarter worth $1,954,000. Concurrent Investment Advisors LLC increased its holdings in shares of iShares Russell Mid-Cap Growth ETF by 29.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 16,403 shares of the company’s stock worth $2,246,000 after buying an additional 3,769 shares during the last quarter. AE Wealth Management LLC raised its position in shares of iShares Russell Mid-Cap Growth ETF by 6.7% during the 4th quarter. AE Wealth Management LLC now owns 95,214 shares of the company’s stock valued at $13,039,000 after buying an additional 5,971 shares during the period. Johnson Financial Group Inc. lifted its holdings in iShares Russell Mid-Cap Growth ETF by 29.7% in the third quarter. Johnson Financial Group Inc. now owns 46,403 shares of the company’s stock valued at $6,608,000 after acquiring an additional 10,615 shares during the last quarter. Finally, BCS Wealth Management purchased a new position in iShares Russell Mid-Cap Growth ETF in the fourth quarter worth approximately $2,216,000. Institutional investors and hedge funds own 74.49% of the company’s stock.

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). The Index measures the performance of the mid-capitalization growth sector of the United States equity market. It is a subset of the Russell Midcap Index and measures the performance of equity securities of Russell Midcap Index issuers with relatively higher price-to-book ratios and higher forecasted growth.