GenWealth Group Inc. Makes New $30.49 Million Investment in iShares Russell Mid-Cap Growth ETF $IWP

GenWealth Group Inc. acquired a new position in iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) in the 2nd quarter, Holdings Channel reports. The firm acquired 208,254 shares of the company’s stock, valued at approximately $30,490,000. iShares Russell Mid-Cap Growth ETF comprises approximately 4.8% of GenWealth Group Inc.’s holdings, making the stock its 7th biggest holding.

Other large investors also recently made changes to their positions in the company. Revolve Wealth Partners LLC raised its stake in shares of iShares Russell Mid-Cap Growth ETF by 2.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,370 shares of the company’s stock valued at $934,000 after purchasing an additional 182 shares during the period. AQR Capital Management LLC boosted its stake in shares of iShares Russell Mid-Cap Growth ETF by 59.9% in the first quarter. AQR Capital Management LLC now owns 2,868 shares of the company’s stock valued at $337,000 after purchasing an additional 1,074 shares during the period. First Trust Advisors LP purchased a new position in shares of iShares Russell Mid-Cap Growth ETF in the second quarter valued at $257,000. Qube Research & Technologies Ltd grew its holdings in iShares Russell Mid-Cap Growth ETF by 22.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 116,038 shares of the company’s stock valued at $16,092,000 after purchasing an additional 21,353 shares in the last quarter. Finally, Peapack Gladstone Financial Corp grew its holdings in iShares Russell Mid-Cap Growth ETF by 17.2% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 50,186 shares of the company’s stock valued at $6,960,000 after purchasing an additional 7,376 shares in the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.

iShares Russell Mid-Cap Growth ETF Price Performance

iShares Russell Mid-Cap Growth ETF stock opened at $144.86 on Wednesday. The firm’s fifty day moving average price is $140.88 and its 200 day moving average price is $137.06. The company has a market capitalization of $20.85 billion, a price-to-earnings ratio of 30.48 and a beta of 1.12. iShares Russell Mid-Cap Growth ETF has a 12-month low of $122.94 and a 12-month high of $146.64.

iShares Russell Mid-Cap Growth ETF Company 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.