IWP Stock Summary and Trading Ideas (iShares Russell Mid-Cap Growth ETF | ARCA:IWP)

The iShares Russell Midcap Growth Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the mid-capitalization growth sector of the U.S. equity market as represented by the Russell Midcap Growth Index. The index represents approximately 40% of the total market capitalization of the Russell Midcap Index.

iShares Russell Mid-Cap Growth ETF trades on the ARCA stock market under the symbol IWP.

As of April 18, 2024, IWP stock price declined to $106.50 with 640,860 million shares trading.

IWP has a beta of 1.25, meaning it tends to be more sensitive to market movements. IWP has a correlation of 0.86 to the broad based SPY ETF.

IWP has a market cap of $14.52 billion. This is considered a Large Cap stock.

In the last 3 years, IWP stock traded as high as $123.45 and as low as $74.75.

IWP has underperformed the market in the last year with a price return of +17.6% while the SPY ETF gained +22.3%. IWP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +4.6% and -5.1%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

IWP support price is $105.91 and resistance is $108.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IWP stock will trade within this expected range on the day.