iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Reaches New 1-Year High – Here’s What Happened

Shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) hit a new 52-week high during trading on Wednesday . The company traded as high as $346.45 and last traded at $343.97, with a volume of 515659 shares trading hands. The stock had previously closed at $344.52.

iShares Russell 2000 Growth ETF Trading Down 0.2%

The firm has a market cap of $14.24 billion, a price-to-earnings ratio of 21.86 and a beta of 1.17. The stock has a 50-day moving average of $326.40 and a 200-day moving average of $314.76.

Institutional Trading of iShares Russell 2000 Growth ETF

Several hedge funds have recently bought and sold shares of IWO. Bank of America Corp DE grew its stake in shares of iShares Russell 2000 Growth ETF by 2.2% in the second quarter. Bank of America Corp DE now owns 3,933,648 shares of the exchange traded fund’s stock worth $1,124,473,000 after purchasing an additional 84,573 shares in the last quarter. Barings LLC boosted its holdings in shares of iShares Russell 2000 Growth ETF by 2.9% in the second quarter. Barings LLC now owns 1,670,950 shares of the exchange traded fund’s stock valued at $476,237,000 after acquiring an additional 47,100 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in iShares Russell 2000 Growth ETF by 1.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,067,852 shares of the exchange traded fund’s stock worth $341,755,000 after purchasing an additional 15,090 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in iShares Russell 2000 Growth ETF by 73.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 975,628 shares of the exchange traded fund’s stock valued at $312,240,000 after purchasing an additional 412,741 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC raised its stake in shares of iShares Russell 2000 Growth ETF by 1.1% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 911,147 shares of the exchange traded fund’s stock worth $291,603,000 after buying an additional 10,143 shares in the last quarter. 74.88% of the stock is currently owned by 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.