iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Hits New 1-Year High – Still a Buy?

Shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) reached a new 52-week high during trading on Friday . The stock traded as high as $355.86 and last traded at $354.49, with a volume of 54995 shares changing hands. The stock had previously closed at $348.67.

iShares Russell 2000 Growth ETF Trading Up 2.2%

The company has a market cap of $13.68 billion, a P/E ratio of 21.86 and a beta of 1.16. The company’s fifty day moving average is $328.35 and its 200 day moving average is $329.37.

Hedge Funds Weigh In On iShares Russell 2000 Growth ETF

Several institutional investors have recently bought and sold shares of IWO. Cloud Capital Management LLC purchased a new position in iShares Russell 2000 Growth ETF during the third quarter valued at approximately $26,000. Modus Advisors LLC purchased a new stake in shares of iShares Russell 2000 Growth ETF during the fourth quarter valued at $26,000. Strive Financial Group LLC purchased a new stake in shares of iShares Russell 2000 Growth ETF during the fourth quarter valued at $26,000. Johnson Financial Group Inc. grew its holdings in shares of iShares Russell 2000 Growth ETF by 500.0% during the fourth quarter. Johnson Financial Group Inc. now owns 90 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 75 shares during the last quarter. Finally, TD Capital Management LLC acquired a new position in iShares Russell 2000 Growth ETF during the fourth quarter valued at $30,000. 74.88% of the stock is owned by hedge funds and other institutional investors.

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.