Envestnet Portfolio Solutions Inc. Grows Stock Position in iShares Russell Mid-Cap Growth ETF $IWP

Envestnet Portfolio Solutions Inc. increased its stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,881,084 shares of the company’s stock after buying an additional 59,578 shares during the quarter. iShares Russell Mid-Cap Growth ETF comprises approximately 0.9% of Envestnet Portfolio Solutions Inc.’s holdings, making the stock its 26th largest holding. Envestnet Portfolio Solutions Inc.’s holdings in iShares Russell Mid-Cap Growth ETF were worth $257,596,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its position in iShares Russell Mid-Cap Growth ETF by 6.6% during the third quarter. Jones Financial Companies Lllp now owns 5,577,746 shares of the company’s stock valued at $794,992,000 after acquiring an additional 345,906 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 171.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,397,376 shares of the company’s stock worth $768,640,000 after purchasing an additional 3,406,598 shares during the period. First Command Advisory Services Inc. boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 80,392.3% during the 3rd quarter. First Command Advisory Services Inc. now owns 3,554,538 shares of the company’s stock worth $506,202,000 after purchasing an additional 3,550,122 shares during the period. Ameriprise Financial Inc. grew its holdings in iShares Russell Mid-Cap Growth ETF by 1.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,551,080 shares of the company’s stock valued at $363,274,000 after purchasing an additional 26,261 shares during the last quarter. Finally, UBS Group AG grew its holdings in iShares Russell Mid-Cap Growth ETF by 2.3% during the 4th quarter. UBS Group AG now owns 2,367,920 shares of the company’s stock valued at $324,263,000 after purchasing an additional 52,544 shares during the last quarter. 74.49% of the stock is owned by hedge funds and other institutional investors.

iShares Russell Mid-Cap Growth ETF Price Performance

iShares Russell Mid-Cap Growth ETF stock opened at $136.01 on Tuesday. The firm has a market capitalization of $19.54 billion, a P/E ratio of 30.48 and a beta of 1.13. iShares Russell Mid-Cap Growth ETF has a 1-year low of $122.94 and a 1-year high of $145.60. The company’s 50-day moving average is $133.12 and its 200 day moving average is $136.23.

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.