iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Reaches New 52-Week High – Should You Buy?

Shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) hit a new 52-week high during trading on Friday . The company traded as high as $384.63 and last traded at $382.91, with a volume of 78104 shares traded. The stock had previously closed at $377.91.

iShares Russell 2000 Growth ETF Price Performance

The business’s 50 day simple moving average is $360.04 and its 200 day simple moving average is $341.37. The company has a market capitalization of $14.72 billion, a PE ratio of 21.86 and a beta of 1.19.

Hedge Funds Weigh In On iShares Russell 2000 Growth ETF

A number of institutional investors have recently bought and sold shares of IWO. Modus Advisors LLC purchased a new position in iShares Russell 2000 Growth ETF during the fourth quarter worth about $26,000. Strive Financial Group LLC purchased a new position in iShares Russell 2000 Growth ETF during the fourth quarter worth about $26,000. Johnson Financial Group Inc. raised its stake in 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 worth $29,000 after purchasing an additional 75 shares during the period. TD Capital Management LLC purchased a new position in iShares Russell 2000 Growth ETF during the fourth quarter worth about $30,000. Finally, Caitlin John LLC purchased a new position in iShares Russell 2000 Growth ETF during the third quarter worth about $31,000. 74.88% of the stock is owned by hedge funds and other institutional investors.

About iShares Russell 2000 Growth ETF

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.