iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Sees Unusually-High Trading Volume – What’s Next?

iShares Russell 2000 Growth ETF (NYSEARCA:IWO) shares saw an uptick in trading volume on Wednesday . 1,051,958 shares traded hands during mid-day trading, an increase of 124% from the previous session’s volume of 470,238 shares.The stock last traded at $390.94 and had previously closed at $388.23.

iShares Russell 2000 Growth ETF Stock Performance

The firm’s 50-day moving average is $383.52 and its 200 day moving average is $357.86. The stock has a market cap of $15.06 billion, a PE ratio of 21.86 and a beta of 1.19.

Institutional Investors Weigh In On iShares Russell 2000 Growth ETF

Several hedge funds have recently modified their holdings of the stock. CGN Advisors LLC boosted its stake in iShares Russell 2000 Growth ETF by 3.2% in the 2nd quarter. CGN Advisors LLC now owns 850 shares of the exchange traded fund’s stock valued at $335,000 after purchasing an additional 26 shares during the period. Fulton Bank N.A. boosted its holdings in iShares Russell 2000 Growth ETF by 1.2% in the 2nd quarter. Fulton Bank N.A. now owns 2,417 shares of the exchange traded fund’s stock valued at $952,000 after purchasing an additional 28 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in iShares Russell 2000 Growth ETF by 0.5% in the 2nd quarter. OneDigital Investment Advisors LLC now owns 6,250 shares of the exchange traded fund’s stock valued at $2,462,000 after purchasing an additional 29 shares during the period. Veery Capital LLC grew its position in shares of iShares Russell 2000 Growth ETF by 0.8% during the 4th quarter. Veery Capital LLC now owns 4,051 shares of the exchange traded fund’s stock worth $1,309,000 after purchasing an additional 31 shares in the last quarter. Finally, Sax Wealth Advisors LLC increased its holdings in shares of iShares Russell 2000 Growth ETF by 3.3% during the second quarter. Sax Wealth Advisors LLC now owns 957 shares of the exchange traded fund’s stock worth $377,000 after purchasing an additional 31 shares during the period. 74.88% of the stock is owned by institutional investors and hedge funds.

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.