iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Reaches New 12-Month High – What’s Next?

iShares Russell 2000 Growth ETF (NYSEARCA:IWOGet Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $315.47 and last traded at $314.87, with a volume of 13119 shares changing hands. The stock had previously closed at $310.24.

iShares Russell 2000 Growth ETF Price Performance

The firm has a market cap of $13.18 billion, a P/E ratio of 16.25 and a beta of 1.31. The stock’s 50-day moving average price is $289.15 and its 200 day moving average price is $275.59.

Hedge Funds Weigh In On iShares Russell 2000 Growth ETF

Several hedge funds have recently modified their holdings of the stock. HighMark Wealth Management LLC acquired a new position in shares of iShares Russell 2000 Growth ETF during the 2nd quarter worth approximately $26,000. Riverview Trust Co acquired a new stake in iShares Russell 2000 Growth ETF in the second quarter valued at $28,000. PSI Advisors LLC bought a new position in shares of iShares Russell 2000 Growth ETF in the 3rd quarter valued at about $28,000. GPS Wealth Strategies Group LLC increased its stake in shares of iShares Russell 2000 Growth ETF by 290.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 117 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 87 shares during the last quarter. Finally, Beacon Capital Management LLC lifted its stake in iShares Russell 2000 Growth ETF by 424.0% in the 1st quarter. Beacon Capital Management LLC now owns 131 shares of the exchange traded fund’s stock valued at $35,000 after purchasing an additional 106 shares during the last quarter.

About iShares Russell 2000 Growth ETF

(Get Free Report)

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.

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