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

Shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) reached a new 52-week high during trading on Thursday . The stock traded as high as $396.22 and last traded at $391.72, with a volume of 21027 shares. The stock had previously closed at $389.01.

iShares Russell 2000 Growth ETF Stock Performance

The stock has a market capitalization of $15.03 billion, a price-to-earnings ratio of 21.86 and a beta of 1.19. The company’s 50 day moving average is $371.47 and its 200 day moving average is $345.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. PVG Asset Management Corp acquired a new position in iShares Russell 2000 Growth ETF in the first quarter valued at $163,000. FAS Wealth Partners Inc. increased its holdings in iShares Russell 2000 Growth ETF by 4.6% during the first quarter. FAS Wealth Partners Inc. now owns 3,235 shares of the exchange traded fund’s stock worth $1,015,000 after buying an additional 141 shares during the last quarter. Parallel Advisors LLC grew its holdings in iShares Russell 2000 Growth ETF by 6.7% during the first quarter. Parallel Advisors LLC now owns 3,207 shares of the exchange traded fund’s stock valued at $1,007,000 after purchasing an additional 201 shares during the period. Optiver Holding B.V. boosted its position in iShares Russell 2000 Growth ETF by 100.1% during the first 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 during the period. Finally, First Nebraska Trust Co bought a new position in shares of iShares Russell 2000 Growth ETF in the first quarter worth $216,000. 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.