iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) Sees Large Volume Increase – Time to Buy?

iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) saw unusually-high trading volume on Friday . Approximately 2,788,247 shares traded hands during mid-day trading, an increase of 226% from the previous session’s volume of 856,298 shares.The stock last traded at $127.64 and had previously closed at $129.11.

iShares Russell Mid-Cap Growth ETF Trading Down 0.9 %

The stock has a 50 day moving average of $119.92 and a 200-day moving average of $113.76. The stock has a market capitalization of $16.55 billion, a P/E ratio of 29.60 and a beta of 1.15.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IWP. Pinnacle Bancorp Inc. raised its position in iShares Russell Mid-Cap Growth ETF by 13.2% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 773 shares of the company’s stock valued at $91,000 after purchasing an additional 90 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its stake in iShares Russell Mid-Cap Growth ETF by 3.9% in the third quarter. Hazlett Burt & Watson Inc. now owns 2,479 shares of the company’s stock worth $292,000 after acquiring an additional 92 shares during the period. RPg Family Wealth Advisory LLC grew its holdings in iShares Russell Mid-Cap Growth ETF by 3.4% during the 3rd quarter. RPg Family Wealth Advisory LLC now owns 2,792 shares of the company’s stock worth $327,000 after acquiring an additional 93 shares in the last quarter. Willner & Heller LLC increased its position in iShares Russell Mid-Cap Growth ETF by 0.9% during the 2nd quarter. Willner & Heller LLC now owns 10,888 shares of the company’s stock valued at $1,201,000 after purchasing an additional 94 shares during the period. Finally, Biltmore Family Office LLC raised its holdings in shares of iShares Russell Mid-Cap Growth ETF by 9.6% in the 1st quarter. Biltmore Family Office LLC now owns 1,096 shares of the company’s stock valued at $125,000 after purchasing an additional 96 shares in the last quarter.

About iShares Russell Mid-Cap Growth ETF

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).