iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Sets New 1-Year High – What’s Next?

Shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) hit a new 52-week high during trading on Tuesday . The company traded as high as $378.03 and last traded at $377.48, with a volume of 47763 shares. The stock had previously closed at $372.34.

iShares Russell 2000 Growth ETF Stock Performance

The stock has a market cap of $14.62 billion, a price-to-earnings ratio of 21.86 and a beta of 1.19. The business’s fifty day simple moving average is $342.64 and its 200 day simple moving average is $335.45.

Institutional Investors Weigh In On iShares Russell 2000 Growth ETF

Several hedge funds and other institutional investors have recently modified their holdings of IWO. Cloud Capital Management LLC bought a new stake in shares of iShares Russell 2000 Growth ETF in the 3rd quarter worth about $26,000. Modus Advisors LLC bought a new stake in shares of iShares Russell 2000 Growth ETF in the 4th quarter worth about $26,000. Strive Financial Group LLC bought a new stake in shares of iShares Russell 2000 Growth ETF in the 4th quarter worth about $26,000. Johnson Financial Group Inc. increased its position in shares of iShares Russell 2000 Growth ETF by 500.0% in the 4th quarter. Johnson Financial Group Inc. now owns 90 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 75 shares during the last quarter. Finally, TD Capital Management LLC bought a new stake in shares of iShares Russell 2000 Growth ETF in the 4th quarter worth about $30,000. Institutional investors own 74.88% of the company’s stock.

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. It is a subset of the Russell 2000 Index, which measures the performance of the small-capitalization sector of the United States equity market.