iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Stock Break Above Two Hundred Day Moving Average – Here’s Why

iShares Russell 2000 Growth ETF (NYSEARCA:IWO)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $358.73 and traded as high as $360.49. iShares Russell 2000 Growth ETF shares last traded at $359.06, with a volume of 243,771 shares trading hands.

iShares Russell 2000 Growth ETF Stock Down 0.5%

The company has a market capitalization of $13.93 billion, a PE ratio of 22.48 and a beta of 1.23. The business has a 50 day simple moving average of $356.86 and a 200 day simple moving average of $358.76.

Hedge Funds Weigh In On iShares Russell 2000 Growth ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Latitude Advisors LLC acquired a new position in iShares Russell 2000 Growth ETF during the 3rd quarter valued at approximately $28,000. Arlington Trust Co LLC purchased a new position in shares of iShares Russell 2000 Growth ETF in the second quarter worth $44,000. First Command Advisory Services Inc. lifted its stake in shares of iShares Russell 2000 Growth ETF by 54.7% during the third quarter. First Command Advisory Services Inc. now owns 147 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 52 shares during the period. MADDEN SECURITIES Corp acquired a new stake in shares of iShares Russell 2000 Growth ETF during the third quarter worth $59,000. Finally, MCF Advisors LLC lifted its stake in shares of iShares Russell 2000 Growth ETF by 45.3% during the second quarter. MCF Advisors LLC now owns 199 shares of the exchange traded fund’s stock worth $78,000 after buying an additional 62 shares during the period. 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.