Foundations Investment Advisors LLC Acquires 4,095 Shares of iShares Russell Mid-Cap Growth ETF $IWP

Foundations Investment Advisors LLC lifted its holdings in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 128.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,278 shares of the company’s stock after purchasing an additional 4,095 shares during the period. Foundations Investment Advisors LLC’s holdings in iShares Russell Mid-Cap Growth ETF were worth $1,036,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of IWP. Investment Partners LTD. increased its holdings in iShares Russell Mid-Cap Growth ETF by 6.2% in the 2nd quarter. Investment Partners LTD. now owns 40,415 shares of the company’s stock valued at $5,605,000 after buying an additional 2,371 shares during the period. First Citizens Bank & Trust Co. increased its stake in iShares Russell Mid-Cap Growth ETF by 14.2% in the third quarter. First Citizens Bank & Trust Co. now owns 1,697,745 shares of the company’s stock valued at $241,776,000 after acquiring an additional 211,174 shares during the period. DAVENPORT & Co LLC lifted its stake in iShares Russell Mid-Cap Growth ETF by 35.0% during the second quarter. DAVENPORT & Co LLC now owns 5,918 shares of the company’s stock worth $821,000 after purchasing an additional 1,535 shares during the period. Atlantic Union Bankshares Corp lifted its stake in iShares Russell Mid-Cap Growth ETF by 212.5% during the second quarter. Atlantic Union Bankshares Corp now owns 19,361 shares of the company’s stock worth $2,685,000 after purchasing an additional 13,165 shares during the period. Finally, Advyzon Investment Management LLC acquired a new stake in iShares Russell Mid-Cap Growth ETF during the second quarter valued at approximately $419,000. 74.49% of the stock is owned by institutional investors and hedge funds.

iShares Russell Mid-Cap Growth ETF Trading Down 1.8%

Shares of IWP opened at $135.65 on Friday. The stock has a 50 day simple moving average of $139.10 and a 200-day simple moving average of $140.54. iShares Russell Mid-Cap Growth ETF has a 1 year low of $99.85 and a 1 year high of $145.60. The stock has a market cap of $20.09 billion, a PE ratio of 30.48 and a beta of 1.15.

iShares Russell Mid-Cap Growth ETF Profile

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.