iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) Sets New 12-Month Low – Time to Sell?

by · The Markets Daily

Shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP – Get Free Report) hit a new 52-week low during trading on Thursday. The company traded as low as $122.57 and last traded at $123.19, with a volume of 1,196,363 shares. The stock had previously closed at $130.70.

iShares Russell Mid-Cap Growth ETF Stock Performance

The company has a market capitalization of $17.28 billion, a price-to-earnings ratio of 27.78 and a beta of 1.13. The company’s fifty day simple moving average is $137.76 and its two-hundred day simple moving average is $137.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IWP. Envestnet Asset Management Inc. increased its stake in iShares Russell Mid-Cap Growth ETF by 1.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,866,456 shares of the company’s stock worth $858,908,000 after purchasing an additional 93,924 shares in the last quarter. Cassaday & Co Wealth Management LLC increased its position in shares of iShares Russell Mid-Cap Growth ETF by 1.9% during the first quarter. Cassaday & Co Wealth Management LLC now owns 2,184,734 shares of the company’s stock worth $279,908,000 after acquiring an additional 41,659 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares Russell Mid-Cap Growth ETF by 5.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,486,576 shares of the company’s stock worth $217,650,000 after acquiring an additional 71,020 shares during the period. Stephens Group Asset Management LLC raised its holdings in shares of iShares Russell Mid-Cap Growth ETF by 12.6% during the third quarter. Stephens Group Asset Management LLC now owns 633,950 shares of the company’s stock worth $87,282,000 after acquiring an additional 70,933 shares during the period. Finally, Fifth Third Bancorp lifted its position in iShares Russell Mid-Cap Growth ETF by 153.0% in the 1st quarter. Fifth Third Bancorp now owns 511,007 shares of the company’s stock valued at $65,470,000 after acquiring an additional 309,058 shares in the last quarter. Institutional investors own 74.49% of the company’s stock.

About iShares Russell Mid-Cap Growth ETF

(Get Free Report)

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.

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