iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) Sees Strong Trading Volume

iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) saw an uptick in trading volume on Thursday . 1,507,677 shares were traded during trading, an increase of 103% from the previous session’s volume of 743,188 shares.The stock last traded at $112.91 and had previously closed at $112.68.

iShares Russell Mid-Cap Growth ETF Price Performance

The stock has a 50 day simple moving average of $110.59 and a two-hundred day simple moving average of $109.32. The company has a market cap of $14.38 billion, a price-to-earnings ratio of 29.60 and a beta of 1.15.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GLOBALT Investments LLC GA acquired a new stake in iShares Russell Mid-Cap Growth ETF during the fourth quarter worth about $96,179,000. BNP Paribas Financial Markets grew its stake in shares of iShares Russell Mid-Cap Growth ETF by 1,833,974.1% in the 1st quarter. BNP Paribas Financial Markets now owns 495,200 shares of the company’s stock valued at $56,522,000 after buying an additional 495,173 shares during the period. Congress Asset Management Co. MA increased its holdings in shares of iShares Russell Mid-Cap Growth ETF by 124.2% during the 4th quarter. Congress Asset Management Co. MA now owns 588,875 shares of the company’s stock worth $61,514,000 after buying an additional 326,178 shares during the last quarter. Cetera Investment Advisers raised its position in shares of iShares Russell Mid-Cap Growth ETF by 442.4% during the 1st quarter. Cetera Investment Advisers now owns 391,146 shares of the company’s stock valued at $44,645,000 after buying an additional 319,037 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in iShares Russell Mid-Cap Growth ETF by 20.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,510,631 shares of the company’s stock valued at $172,423,000 after acquiring an additional 255,690 shares during 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).