iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) Hits New 52-Week High – Still a Buy?

iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $122.39 and last traded at $122.10, with a volume of 72122 shares. The stock had previously closed at $122.07.

iShares Russell Mid-Cap Growth ETF Stock Down 1.6 %

The company has a market cap of $15.43 billion, a price-to-earnings ratio of 29.60 and a beta of 1.15. The company’s fifty day moving average price is $116.67 and its two-hundred day moving average price is $112.25.

Institutional Trading of iShares Russell Mid-Cap Growth ETF

A number of institutional investors have recently bought and sold shares of IWP. Pinnacle Bancorp Inc. increased its stake in shares of 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 worth $91,000 after purchasing an additional 90 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in shares of iShares Russell Mid-Cap Growth ETF by 3.9% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 2,479 shares of the company’s stock valued at $292,000 after purchasing an additional 92 shares during the period. Willner & Heller LLC raised its stake 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 worth $1,201,000 after buying an additional 94 shares during the period. Biltmore Family Office LLC increased its holdings in iShares Russell Mid-Cap Growth ETF by 9.6% during the 1st quarter. Biltmore Family Office LLC now owns 1,096 shares of the company’s stock worth $125,000 after purchasing an additional 96 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. increased its holdings in iShares Russell Mid-Cap Growth ETF by 30.7% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 413 shares of the company’s stock worth $46,000 after purchasing an additional 97 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).