iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Sets New 12-Month High – Here’s Why

iShares Russell 2000 Growth ETF (NYSEARCA:IWO) hit a new 52-week high during trading on Thursday . The company traded as high as $340.22 and last traded at $339.1750, with a volume of 381570 shares trading hands. The stock had previously closed at $336.65.

iShares Russell 2000 Growth ETF Price Performance

The business’s 50-day simple moving average is $325.62 and its 200-day simple moving average is $313.47. The company has a market cap of $14.00 billion, a price-to-earnings ratio of 21.86 and a beta of 1.17.

Hedge Funds Weigh In On iShares Russell 2000 Growth ETF

Hedge funds have recently bought and sold shares of the stock. D.A. Davidson & CO. raised its stake in iShares Russell 2000 Growth ETF by 1.8% during the third quarter. D.A. Davidson & CO. now owns 521,555 shares of the exchange traded fund’s stock valued at $166,919,000 after buying an additional 9,433 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of iShares Russell 2000 Growth ETF in the 2nd quarter valued at approximately $432,000. American Trust acquired a new stake in shares of iShares Russell 2000 Growth ETF during the 2nd quarter valued at approximately $961,000. Fortitude Family Office LLC acquired a new stake in shares of iShares Russell 2000 Growth ETF during the 3rd quarter valued at approximately $1,072,000. Finally, Lodestar Private Asset Management LLC bought a new position in iShares Russell 2000 Growth ETF during the second quarter worth $214,000. 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.