iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) Reaches New 1-Year High – Should You Buy?

iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) hit a new 52-week high during trading on Tuesday . The stock traded as high as $136.37 and last traded at $136.27, with a volume of 703986 shares. The stock had previously closed at $135.33.

iShares Russell Mid-Cap Growth ETF Price Performance

The stock has a market cap of $17.61 billion, a P/E ratio of 29.60 and a beta of 1.15. The business’s fifty day moving average price is $124.19 and its 200 day moving average price is $115.60.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Lynx Investment Advisory bought a new position in shares of iShares Russell Mid-Cap Growth ETF during the second quarter valued at $33,000. Ashton Thomas Securities LLC raised its position in iShares Russell Mid-Cap Growth ETF by 251.1% during the 3rd quarter. Ashton Thomas Securities LLC now owns 330 shares of the company’s stock worth $39,000 after purchasing an additional 236 shares during the last quarter. Centennial Bank AR lifted its holdings in iShares Russell Mid-Cap Growth ETF by 1,335.7% during the 2nd quarter. Centennial Bank AR now owns 402 shares of the company’s stock worth $44,000 after buying an additional 374 shares during the period. Carmichael Hill & Associates Inc. grew its position in shares of iShares Russell Mid-Cap Growth ETF by 30.7% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 413 shares of the company’s stock valued at $46,000 after buying an additional 97 shares during the last quarter. Finally, Kimelman & Baird LLC bought a new position in shares of iShares Russell Mid-Cap Growth ETF during the second quarter worth about $47,000.

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).