iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Hits New 12-Month High – Here’s What Happened

iShares Russell 2000 Growth ETF (NYSEARCA:IWO) hit a new 52-week high on Thursday . The company traded as high as $389.84 and last traded at $389.04, with a volume of 613572 shares. The stock had previously closed at $380.02.

iShares Russell 2000 Growth ETF Stock Up 2.4%

The firm has a market capitalization of $15.06 billion, a price-to-earnings ratio of 21.86 and a beta of 1.19. The company’s 50 day moving average is $363.86 and its 200 day moving average is $342.77.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IWO. Modus Advisors LLC acquired a new stake in shares of iShares Russell 2000 Growth ETF in the fourth quarter valued at approximately $26,000. Strive Financial Group LLC acquired a new stake in iShares Russell 2000 Growth ETF during the fourth quarter worth approximately $26,000. Johnson Financial Group Inc. grew its position in iShares Russell 2000 Growth ETF by 500.0% during the fourth quarter. Johnson Financial Group Inc. now owns 90 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 75 shares in the last quarter. TD Capital Management LLC bought a new position in iShares Russell 2000 Growth ETF during the 4th quarter worth $30,000. Finally, Caitlin John LLC bought a new position in iShares Russell 2000 Growth ETF during the 3rd quarter worth $31,000. Institutional investors and hedge funds own 74.88% of the company’s stock.

About iShares Russell 2000 Growth ETF

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.