iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Reaches New 12-Month High – Time to Buy?

iShares Russell 2000 Growth ETF (NYSEARCA:IWO)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $340.22 and last traded at $339.1750, with a volume of 381570 shares trading hands. The stock had previously closed at $336.65.

iShares Russell 2000 Growth ETF Stock Performance

The firm has a 50-day moving average of $325.15 and a 200-day moving average of $312.85. The firm has a market capitalization of $13.83 billion, a P/E ratio of 21.86 and a beta of 1.17.

Hedge Funds Weigh In On iShares Russell 2000 Growth ETF

Several hedge funds and other institutional investors have recently modified their holdings of IWO. AQR Capital Management LLC lifted its holdings in iShares Russell 2000 Growth ETF by 20.0% in the 1st quarter. AQR Capital Management LLC now owns 11,492 shares of the exchange traded fund’s stock worth $2,937,000 after buying an additional 1,918 shares during the period. Kestra Investment Management LLC bought a new position in shares of iShares Russell 2000 Growth ETF during the first quarter valued at approximately $56,000. Ashton Thomas Private Wealth LLC lifted its stake in iShares Russell 2000 Growth ETF by 4.0% in the first quarter. Ashton Thomas Private Wealth LLC now owns 2,542 shares of the exchange traded fund’s stock worth $649,000 after acquiring an additional 98 shares during the period. Ascent Group LLC bought a new stake in iShares Russell 2000 Growth ETF in the first quarter valued at $514,000. Finally, SCS Capital Management LLC purchased a new position in iShares Russell 2000 Growth ETF during the 1st quarter valued at $476,000. 74.88% of the stock is owned by institutional investors.

iShares Russell 2000 Growth ETF Company Profile

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.