iShares Russell 1000 Growth ETF (NYSEARCA:IWF) Sets New 52-Week High – Time to Buy?

Shares of iShares Russell 1000 Growth ETF (NYSEARCA:IWF) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $126.14 and last traded at $126.10, with a volume of 651371 shares changing hands. The stock had previously closed at $125.00.

iShares Russell 1000 Growth ETF Price Performance

The stock has a market capitalization of $131.16 billion, a P/E ratio of 33.43 and a beta of 1.16. The business’s 50 day simple moving average is $115.62 and its 200-day simple moving average is $116.25.

Institutional Investors Weigh In On iShares Russell 1000 Growth ETF

Hedge funds have recently bought and sold shares of the company. Godsey & Gibb Inc. bought a new position in shares of iShares Russell 1000 Growth ETF during the fourth quarter worth $27,000. MBM Wealth Consultants LLC bought a new position in shares of iShares Russell 1000 Growth ETF during the first quarter worth $28,000. Concord Wealth Partners boosted its position in shares of iShares Russell 1000 Growth ETF by 210.0% during the fourth quarter. Concord Wealth Partners now owns 62 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 42 shares in the last quarter. Richards Merrill & Peterson Inc. raised its holdings in shares of iShares Russell 1000 Growth ETF by 76.9% during the first quarter. Richards Merrill & Peterson Inc. now owns 69 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 30 shares during the period. Finally, Reyes Financial Architecture Inc. acquired a new stake in shares of iShares Russell 1000 Growth ETF during the fourth quarter worth $30,000. 75.33% of the stock is currently owned by institutional investors and hedge funds.

About iShares Russell 1000 Growth ETF

iShares Russell 1000 Growth ETF (the Fund), formerly iShares Russell 1000 Growth Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment returns that correspond generally to the price and yield performance of the Russell 1000 Growth Index (the Index). The Index measures the performance of equity securities of Russell 1000 index issuers with relatively higher price-to-book ratios and higher forecasted growth. The index represents approximately 50% of the total market capitalization of the Russell 1000 Index.