iShares Russell 2000 Growth ETF (NYSEARCA:IWO) Hits New 12-Month High – What’s Next?

iShares Russell 2000 Growth ETF (NYSEARCA:IWO) hit a new 52-week high on Friday . The stock traded as high as $328.34 and last traded at $328.61, with a volume of 71303 shares trading hands. The stock had previously closed at $323.50.

iShares Russell 2000 Growth ETF Stock Up 0.6%

The company has a market capitalization of $13.16 billion, a PE ratio of 21.86 and a beta of 1.15. The company has a 50-day moving average price of $306.91 and a two-hundred day moving average price of $281.66.

Hedge Funds Weigh In On iShares Russell 2000 Growth ETF

Several hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its position 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 valued at $1,124,473,000 after purchasing an additional 84,573 shares in the last quarter. Barings LLC boosted its stake in iShares Russell 2000 Growth ETF by 2.9% during the second quarter. Barings LLC now owns 1,670,950 shares of the exchange traded fund’s stock valued at $476,237,000 after buying an additional 47,100 shares during the period. Cassaday & Co Wealth Management LLC boosted its stake in iShares Russell 2000 Growth ETF by 1.4% during the second quarter. Cassaday & Co Wealth Management LLC now owns 901,004 shares of the exchange traded fund’s stock valued at $257,561,000 after buying an additional 12,754 shares during the period. Commonwealth Equity Services LLC boosted its stake in iShares Russell 2000 Growth ETF by 2.9% during the first quarter. Commonwealth Equity Services LLC now owns 512,820 shares of the exchange traded fund’s stock valued at $131,041,000 after buying an additional 14,451 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in iShares Russell 2000 Growth ETF by 3.6% during the second quarter. D.A. Davidson & CO. now owns 512,122 shares of the exchange traded fund’s stock valued at $146,395,000 after buying an additional 17,568 shares during the period. 74.88% of the stock is currently 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.