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

iShares Russell 2000 Growth ETF (NYSEARCA:IWO)’s stock 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 trading hands. The stock had previously closed at $287.99.

iShares Russell 2000 Growth ETF Stock Down 0.2 %

The company has a market cap of $12.13 billion, a P/E ratio of 16.25 and a beta of 1.31. The stock’s 50-day moving average price is $277.50 and its 200 day moving average price is $268.37.

Hedge Funds Weigh In On iShares Russell 2000 Growth ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IWO. NBC Securities Inc. increased its position in iShares Russell 2000 Growth ETF by 4.9% during the first quarter. NBC Securities Inc. now owns 2,992 shares of the exchange traded fund’s stock worth $811,000 after acquiring an additional 141 shares during the period. GAMMA Investing LLC bought a new position in iShares Russell 2000 Growth ETF during the first quarter worth $26,000. Park Avenue Securities LLC boosted its stake in iShares Russell 2000 Growth ETF by 46.9% during the first quarter. Park Avenue Securities LLC now owns 7,910 shares of the exchange traded fund’s stock worth $2,142,000 after buying an additional 2,525 shares in the last quarter. Fragasso Group Inc. acquired a new stake in iShares Russell 2000 Growth ETF during the first quarter worth $205,000. Finally, BTC Capital Management Inc. acquired a new stake in iShares Russell 2000 Growth ETF during the first quarter worth $1,480,000.

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.