American Family Investments Inc. Cuts Stock Position in iShares Russell Mid-Cap Growth ETF $IWP

American Family Investments Inc. trimmed its holdings in shares of iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 3.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 502,798 shares of the company’s stock after selling 20,496 shares during the period. iShares Russell Mid-Cap Growth ETF makes up about 3.8% of American Family Investments Inc.’s holdings, making the stock its 6th largest holding. American Family Investments Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $71,603,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Citizens Bank & Trust Co. boosted its holdings in shares of iShares Russell Mid-Cap Growth ETF by 14.2% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 1,697,745 shares of the company’s stock valued at $241,776,000 after buying an additional 211,174 shares during the last quarter. First Horizon Corp acquired a new position in iShares Russell Mid-Cap Growth ETF during the third quarter worth $6,143,000. Allspring Global Investments Holdings LLC raised its position in iShares Russell Mid-Cap Growth ETF by 207.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 10,610 shares of the company’s stock worth $1,506,000 after acquiring an additional 7,154 shares in the last quarter. Avantax Advisory Services Inc. raised its position in iShares Russell Mid-Cap Growth ETF by 2.8% during the second quarter. Avantax Advisory Services Inc. now owns 89,685 shares of the company’s stock worth $12,437,000 after acquiring an additional 2,437 shares in the last quarter. Finally, American Wealth Advisors LLC acquired a new stake in iShares Russell Mid-Cap Growth ETF in the third quarter valued at $1,954,000. Institutional investors and hedge funds own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Price Performance

Shares of IWP stock opened at $129.63 on Friday. The company has a fifty day moving average price of $136.87 and a two-hundred day moving average price of $139.33. iShares Russell Mid-Cap Growth ETF has a one year low of $99.85 and a one year high of $145.60. The stock has a market cap of $19.02 billion, a P/E ratio of 30.48 and a beta of 1.15.

About iShares Russell Mid-Cap Growth ETF

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.