iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) Sets New 52-Week High – Still a Buy?

iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $147.05 and last traded at $146.41, with a volume of 85464 shares changing hands. The stock had previously closed at $144.86.

iShares Russell Mid-Cap Growth ETF Price Performance

The stock has a market cap of $21.05 billion, a price-to-earnings ratio of 30.48 and a beta of 1.12. The firm’s 50-day moving average is $140.88 and its 200 day moving average is $137.06.

Institutional Trading of iShares Russell Mid-Cap Growth ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Richards Merrill & Peterson Inc. purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the 4th quarter worth $25,000. CNB Bank grew its position in iShares Russell Mid-Cap Growth ETF by 478.8% during 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 period. McIlrath & Eck LLC purchased a new stake in iShares Russell Mid-Cap Growth ETF during the first quarter valued at about $26,000. Hilton Head Capital Partners LLC purchased a new stake in iShares Russell Mid-Cap Growth ETF during the fourth quarter valued at about $27,000. Finally, Beaird Harris Wealth Management LLC increased its stake 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 worth $28,000 after acquiring an additional 110 shares during the last quarter. 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.