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IWP · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is iShares Russell Mid-Cap Growth ETF (IWP) stock moving?
No news items or SEC filings were found for IWP in the review window, so this view rests only on the price and volume data. The ETF traded between $133 and $137 from Oct 22 to Oct 29, then slid to $130.10 by Nov 2. On Nov 5 it fell 5.9% to a low of $122.91 on about 1.95M shares, roughly twice the recent average, with 21,012 trades. It then rebounded to $124.01 on Nov 6 and $129.13 on Nov 9, and closed at $128.90 on Nov 10. The recovery has come on lower volume than the selloff, and the price remains about 6% below the Oct 29 high of $136.97. With no catalyst identified, the evidence points to a stabilizing but unconfirmed trend.
About iShares Russell Mid-Cap Growth ETF
The iShares Russell Mid-Cap Growth ETF is a BlackRock index fund, launched in 2001, that holds about 270 mid-sized US companies chosen for their growth traits. With roughly $19 billion in assets and a 0.23% expense ratio, it is one of the largest and most heavily traded funds for mid-cap growth stocks.
How the fund works
The fund passively tracks the Russell Midcap Growth Index. That index picks mid-cap US stocks with higher price-to-book ratios, higher forecast earnings growth and stronger past sales growth, and it is reconstituted on a set schedule. There is no leverage. Technology is the biggest sector at roughly a third of the fund, followed by industrials, healthcare and consumer cyclicals. The top 10 holdings make up about 20% of assets. Dividends are small (yield roughly 0.4%) and are paid quarterly. The main risk is that it focuses on growth stocks with higher valuations, so it tends to swing more than the broad market (5-year beta of about 1.2). It fell about 27% in 2022, for example.
What usually moves IWP
- Interest rates and the outlook for Federal Reserve policy
- Investors rotating between growth and value stocks
- Technology and software sector sentiment
- US economic growth and the corporate earnings outlook
- Overall investor appetite for risk