iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Share Price Cross Above 200-Day Moving Average – Here’s Why

iShares Russell 2000 Growth ETF (NYSEARCA:IWO)’s stock price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $358.57 and traded as high as $362.10. iShares Russell 2000 Growth ETF shares last traded at $359.77, with a volume of 247,470 shares changing hands.

iShares Russell 2000 Growth ETF Stock Up 1.0%

The stock has a fifty day simple moving average of $362.87 and a 200 day simple moving average of $358.57. The firm has a market capitalization of $14.19 billion, a P/E ratio of 21.86 and a beta of 1.21.

Institutional Trading of iShares Russell 2000 Growth ETF

Several institutional investors have recently made changes to their positions in the business. Optiver Holding B.V. lifted its holdings in iShares Russell 2000 Growth ETF by 100.1% in the 1st quarter. Optiver Holding B.V. now owns 16,503 shares of the exchange traded fund’s stock worth $5,179,000 after purchasing an additional 22,775,700 shares in the last quarter. Fifth Third Bancorp boosted its stake in iShares Russell 2000 Growth ETF by 154.2% in the 1st quarter. Fifth Third Bancorp now owns 125,396 shares of the exchange traded fund’s stock worth $39,350,000 after purchasing an additional 76,065 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in iShares Russell 2000 Growth ETF by 20.2% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 410,500 shares of the exchange traded fund’s stock valued at $128,819,000 after buying an additional 69,000 shares in the last quarter. Pacific Life Fund Advisors LLC grew its holdings in iShares Russell 2000 Growth ETF by 42.0% during the 1st quarter. Pacific Life Fund Advisors LLC now owns 202,351 shares of the exchange traded fund’s stock valued at $63,500,000 after buying an additional 59,883 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in iShares Russell 2000 Growth ETF during the 3rd quarter valued at approximately $20,557,000. Hedge funds and other institutional investors own 74.88% of the company’s stock.

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.