iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) Sees Large Volume Increase – Should You Buy?

iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) shares saw an uptick in trading volume on Tuesday . 1,327,714 shares traded hands during trading, an increase of 38% from the previous session’s volume of 960,824 shares.The stock last traded at $128.79 and had previously closed at $130.02.

iShares Russell Mid-Cap Growth ETF Price Performance

The company has a market cap of $18.92 billion, a P/E ratio of 30.48 and a beta of 1.15. The stock has a 50-day moving average of $135.65 and a 200 day moving average of $138.80.

Hedge Funds Weigh In On iShares Russell Mid-Cap Growth ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Richards Merrill & Peterson Inc. bought a new stake in shares of iShares Russell Mid-Cap Growth ETF during the 4th quarter worth approximately $25,000. CNB Bank increased its stake in iShares Russell Mid-Cap Growth ETF by 478.8% in the fourth quarter. CNB Bank now owns 191 shares of the company’s stock valued at $26,000 after acquiring an additional 158 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in iShares Russell Mid-Cap Growth ETF in the fourth quarter valued at approximately $27,000. Beaird Harris Wealth Management LLC raised its position in iShares Russell Mid-Cap Growth ETF by 125.0% during the third quarter. Beaird Harris Wealth Management LLC now owns 198 shares of the company’s stock valued at $28,000 after purchasing an additional 110 shares in the last quarter. Finally, Sfam LLC bought a new stake in iShares Russell Mid-Cap Growth ETF during the fourth quarter worth $28,000. 74.49% of the stock is currently owned by institutional investors and hedge funds.

About iShares Russell Mid-Cap Growth ETF

iShares Russell Mid-Cap Growth ETF, formerly iShares Russell Midcap Growth Index Fund (the Growth Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Russell Midcap Growth Index (the Growth Index). The Index measures the performance of the mid-capitalization growth sector of the United States equity market. It is a subset of the Russell Midcap Index and measures the performance of equity securities of Russell Midcap Index issuers with relatively higher price-to-book ratios and higher forecasted growth.