Vertrix Wealth Management LLC Buys New Shares in iShares Russell Mid-Cap Growth ETF $IWP

Vertrix Wealth Management LLC purchased a new stake in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,293 shares of the company’s stock, valued at approximately $1,319,000.

Other hedge funds also recently modified their holdings of the company. Wealth Care LLC bought a new stake in shares of iShares Russell Mid-Cap Growth ETF during the first quarter valued at approximately $336,000. Harbor Investment Advisory LLC lifted its position in iShares Russell Mid-Cap Growth ETF by 1.0% in the first quarter. Harbor Investment Advisory LLC now owns 35,598 shares of the company’s stock worth $4,561,000 after purchasing an additional 346 shares during the period. Powell Investment Advisors LLC lifted its position in iShares Russell Mid-Cap Growth ETF by 1.1% in the first quarter. Powell Investment Advisors LLC now owns 52,210 shares of the company’s stock worth $6,689,000 after purchasing an additional 574 shares during the period. Forum Financial Management LP boosted its stake in iShares Russell Mid-Cap Growth ETF by 33.4% during the first quarter. Forum Financial Management LP now owns 2,256 shares of the company’s stock worth $289,000 after buying an additional 565 shares in the last quarter. Finally, Networth Advisors LLC boosted its stake in iShares Russell Mid-Cap Growth ETF by 22.2% during the first quarter. Networth Advisors LLC now owns 599 shares of the company’s stock worth $77,000 after buying an additional 109 shares in the last quarter. Institutional investors own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Price Performance

Shares of iShares Russell Mid-Cap Growth ETF stock opened at $144.94 on Thursday. iShares Russell Mid-Cap Growth ETF has a 52-week low of $122.94 and a 52-week high of $146.58. The firm has a market capitalization of $21.34 billion, a PE ratio of 30.48 and a beta of 1.12. The company’s fifty day moving average price is $139.48 and its two-hundred day moving average price is $136.88.

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.